John Weaver BIS/220 Introduction to Computer Application and Systems Instructor: Michael Clough October 2, 2012
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Online Auction Name Here XBIS/219 Date Instructor Online Auction The largest online auction site in the world is eBay. People from all over the world come to eBay to buy and sell items. For an individual to sell an item on eBay, a seller must first create an eBay account and a PayPal account. Once the eBay account is created the seller can upload a picture and provide a brief description of the item that he or she wishes to sell. The seller can choose the price of an item to
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Online Auction 2 Online Auction EBay is a great system for sellers that want to cut out the intermediary like pawnshops and other stores that will buy valuables from someone. EBay is set up almost identical to an auction; the only difference is that it is online and people anywhere in the United States or even outside the country can view items that someone may have for sale. A seller takes photos of the item they wish to sell and set up an EBay account. Then, they go through the guided menus
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information, communication and control systems required in today's business environment. Can eBay Continue Growing? 1. What is eBay’s business model and business strategy? How successful has it been? According to the course textbook there is several internet business models found on page 444. The internet business model that best describes eBay is an “online marketplace”. As it says in the case itself, “eBay is an online auction service…who stores no inventory and ships no products. Instead, it derives
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billion people, the country had—and still has—enormous purchasing power. eBay, the San Jose, California-based online consumer-to-consumer corporation, nearing its 10th birthday at the time, entered the country in 2004 with hopes of beating competitors to the reward. Two short years later, then Chief Executive Officer Meg Whitman flew to Shanghai to announce the company’s exit from China’s online auction market. So why did eBay fail in one of the world’s most populous countries when it had succeeded
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Summary of the case facts The eBay auction site was started in 1995 under the name Auction web. Auction Web made no guarantees; there were no fees, no security, and very few items. The site changed drastically when the creator posted the site listing on the National Center for Supercomputing Applications’ What’s Cool list. After the posting on the list, traffic began to increase and the business turned a profit in 1996. By 1998 the Auction Web site had taken on the name eBay and it went public. Constant
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Note: The company I cofounded, Hunch, was acquired by eBay in November 2011. I am now an eBay employee. But all the opinions expressed below are my own, and were developed prior to the Hunch acquisition, through my own research on e-commerce. Amazon and eBay are the two largest e-commerce companies. As of this writing, Amazon has a market cap of about $87B, trading at a trailing twelve-month P/E of about 139. eBay has a market cap of about $42B, trading at a trailing P/E of about 13. Each company
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Introduction eBay is world’s online marketplace for buying and selling the product and services. It allows online trading or auction almost anything from anywhere on the globe. It is e-commerce organization that provides consumer to consumer (C2C) and business to consumer (B2C) sales services by using internet facility. eBay was founded by Pierre Omidyar in 1995 in San Jose, California. It is operating in more than thirty countries. By 2013, eBay’s total revenue reached $16.05 billion with total
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Case Study: eBay eBay owns one of the world’s largest online auction platforms. In 2008, the company operated in 39 countries with 276M registered users worldwide. In 2007, the total value of all successfully closed items was $59B with an average $2,039 worth of goods trading on the website every second. eBay makes their money by charging a small fee to sellers who list their product along with a description of the item on the website. Items can be sold at fixed price or by auction. After a
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Twenty years earlier, he explains, he and his friend had dinner at a restaurant called "Big Joe" Brady's, which used to be located where the hardware store stands. The officer confirms that this was the site of the restaurant up until five years earlier, when it was torn down. At the time of their last meal together, the man continues, he was eighteen years old and his friend Jimmy was twenty. The two had grown up together and were the closest of friends, but the man was leaving the next morning
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