By every passing day, we see newer ideas emerging in the business market. One of them includes Amazon which has a market capability of $560 billion. It currently ranks 4th on the NY Stock Exchange. It works on a business model of online shopping. A lot of people all over the world subscribe to Amazon’s premium services for benefits like unrestricted free-shipping, free movies streaming and free television. It is the world’s first pit stop to online shopping. There’s also a misconception that Amazon is involved in creating a monopoly in the business market. Ted Bauman, a renowned Economist, explains all the myths.
But before we start explaining the myths, let me introduce Mr. Ted Bauman. Ted Bauman is a well-known economist who believes in staying off the media and actually working on the facts and figures. He firmly believes in keeping himself abreast with the ongoing financial crises all over the world. Ted writes publications about finance, some of the famous publications include The Bauman Letter, Smart Money service, and Alpha Stock Alert. With economics being his major, he brings unique power making options and insights on the table.
Mr. Bauman’s Say on Amazon
Amazon is a top-notch online business platform which provides a bridge between consumers and sellers. It is believed that, out of 20 orders placed on Amazon, 9 are sold by Amazon. It describes the vast involvement of Amazon in the business market and how it is coming up to the expectations of the consumer markets by providing swift delivery system along with a competitive price from the market.
According to Ted Bauman, Amazon is not actually running a monopoly. It is because companies like Walmart are already making hefty profits in the retail market. And if we compare their earnings with Amazon’s, they are quite less. Amazon over the years has targeted market of grocery and even bought Whole foods. But when comparing the returns of whole foods with 5 other supermarket chains, they surpass Whole Foods revenue alone. And it has been observed that the standards of many ventures started by Amazon are deteriorating day by day.
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