All are the number one e - commerce sites in their respective countries. Surely there will be many new sites in other foreign countries in the future. There is also potential for new sites in Italy, and Spain. There is also a site in Japan. With no pricing pressures in these foreign markets, these sites have more profit potential than those in the United States. Amazon's goal of expanding overseas should greatly benefit the company, and make even higher profits in the years to come.(Amazon.com Investor Relations).
Amazon.com has several advantages for being an e-commerce retailer. These advantages are that they have great speed and they can operate their business without too much spending.
The number one advantage that e-commerce possesses is speed. The Internet and World Wide Web gives businesses opportunities to exchange messages or complete transactions almost immediately. Even with the slowest connections, doing business electronically is much faster than traditional. With increased speeds of communication the whole transaction from start to finish is more efficient. Even more significant is the fact that information appearing on the Internet can be changed very quickly, almost instantly. This gives them the ability to inform customers of any changes to the service that they are offering. This also allows for them to update marketing and promotional materials as often as they like.
The second advantage that Amazon.com has is the opportunity to save on costs. By using the Internet, marketing, distribution, personnel, phone and printing costs, among many others, can be reduced. Compared to the cost of opening a physical store, the savings are tremendous. These funds can then be diverted to marketing and advertising of their products. .
To ensure customer safety and satisfaction, Amazon has introduced three company policies throughout the organization. These policies concern privacy, pricing, and product returns.