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Economics 2

The Internet has become an extremely popular place for small businesses and firms to advertise and sell their products. Although this is a very easy and popular way to sell, it all depends on how well you use your marketing ideas. One firm that is widely known across the country and famous for having grown so fast since its online creation is Amazon.com. It opened a whole new market for competitive business in the specialty industries on the computer and has proven to be a successful company on the Net.

Amazon.com is a corporation, a retail industry in which many shareholders own stock. Stock ownership is what helped to expand business and allowed for more capital investments. Amazon.com is known on a global scale. Since it is an online Internet company, people from anywhere may access the site and use it as long as they have an Internet connection. It was originally started in July of 1995, by Jeff P. Bezos, at his home in Seattle, Washington along with his wife. Bezos graduated from Princeton University. He lived and worked in both Miami and Houston and is currently 34 years old.

What began as a small business selling books over the Internet exploded into a giant corporation making millions of doll


4: Toys 'r Us- $11,862,000,000 (revenues)

Amazon.com, through its online services and expansion throughout

cyberspace, has created a whole new market for book, magazine, CD, and

Analysis: Amazon.com experienced a significant price drop in its shares over the ten day period. There was a loss of nearly $20 per share.



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Approximate Word count = 1034
Approximate Pages = 4 (250 words per page double spaced)


  

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