Week 2 Market Dominance Discussion
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Week 2 Market Dominance Discussion
Week 2 Discussion
Before starting this activity, read Chapter 2 in the course textbook and go through the Mindtap Guided Case.
Respond to the following:
Can any firm beat Amazon in the marketplace? If not, why not? If so, how can they best do so? How formidable a competitor is Google for Amazon? Please explain. What are Amazon’s major strengths? Does it have any weaknesses? Please explain. Is Jet.com a potential concern for Amazon? Why or why not?
Given the importance of understanding the external environment, why do some firms fail to do so? Provide examples of firms that did not understand their external environment. What were the implications of the firm’s failure to understand that environment?
AND RESPOND TO THIS POST DIRECTLY;
Moon
I don’t see how any firm can beat Amazon in the marketplace. They are on a streak of business luck and any and everyone does business with Amazon from purchasing goods, media services of all types, to Prime membership that is a genius idea in getting items to the consumer within 2 days.
They are an extensive competitor. Google is a competitor but also Google has the opportunity to benefit from what Amazon has to offer. Since Google is the major search engine technoligically speaking, it is the search engine that drives alot of business for Amazon. Amazon’s major strengths are their business delivery capacity.
We are a want now society and Amazon seems to serve that purpose. Some of the weaknesses would be the Prime price being on the higher end. There are many people that purchase items from Amazon but not enough to satisfy the $99 Prime membership fee.
But then there are those of us that order almost every day (that would be me) and Prime assists in the shipping costs of all the items purchased by getting them free and shipped within 2 days. Jet.com could be a potential concern for Amazon because of competitive prices.
The external environment and why firms fail is because of how the business model is set up and how it is established and ran. An example would be how the business doesn’t change its demographics.
An example would be Goody’s store. They have high end products and depending where they are located it can make or break the company. It broke the company here where I reside because they are low income families that make up more than 70% of the community and the consumers would rather shop within their means.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. 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