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Home›Business›What is the function of AMZN in the online purchase?

What is the function of AMZN in the online purchase?

By Paul Watson
November 17, 2020
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The Amazon is one of the American multinational electronic commerce companies which were founded in the year 1994 by Jeff Bezos. The headquarter of this company is situated in Washington, United States. We can buy everything from A to Z from the Amazon website.

What are the benefits of the amazon prime?

The AMZN at https://www.webull.com/quote/nasdaq-amzn prime is one of the quickly taken features in the market. The benefits of the amazon prime are given by,

  • One of the biggest plus in the Amazon prime is to get the free two days shipping for the millions of products on the Amazon.
  • One day shipping – In some cities get a free one-day shipping for the some products which are ordered before 9 a.m. If you ordered after 9 a.m. the delivery will be made the next day.
  • Amazon Restaurants
  • Prime discounts at whole foods it gives a 10% offer on sale.
  • Prime Photos, the prime user got the storage up to 5 GB for storing their photos, videos, and documents.
  • Music streaming
  • Prime video it includes the movie, web series, and television series.
  • Amazon prime will rewards the Visa signature cards
  • Books and home delivery
  • Prime early access
  • Amazon fresh delivery
  • Prime wardrobe and prime pantry

What are the disadvantages of the Amazon website?

  • AMZN will charge for the both storage fee and fulfillment fee
  • It has a long term storage fee,
  • There are more returns of the product are happen.
  • The tracking inventory is more difficult
  • Sometimes the products are not delivered on the expected time.
  • The rate of the product is higher than the other websites.

What are the products and services in the Amazon?

Products like several media, baby products, beauty products, electronic items, groceries, gourmet food, health care, and personal care items, kitchen items, industrial and scientific supplies, watches, jewelry, musical instruments, lawn and garden items, automotive items, toys, and sporting goods are some of the products available in the AMZN website.

Some of the services of the Amazon are given by,

  • Amazon Prime, Amazon Fresh, and Amazon web services
  • Alexa, Appstore, and Amazon Drive
  • Echo, Kindle, Fire TV, Fire tablets, Video and Kindle store
  • Music, Music Unlimited, Amazon Digital Game Store, Amazon studio and Amazon/wireless

What are the advantages of Amazon online shopping?

  • Customers are worldwide
  • There are many potential buyers
  • Well established Amazon partners
  • Time-saving and variety of discounts and offers.

You can check more information such as income statement at https://www.webull.com/income-statement/nasdaq-amzn.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Paul Watson
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