Solution
Dipali answered on
Feb 11 2023
WRITTEN ASSIGNMENT 8
WRITTEN ASSIGNMENT
Table of contents
Question 1 3
Question 2 4
Question 3 5
Question 4 5
Question 5 7
Question 6 8
Question 7 8
Question 8 8
Question 9 10
Question 10 10
Question 11 10
References 11
Question 1
Amazon Marketplace
Positive:
· Wide selection of products available for purchase
· Convenient shopping experience with features like 1-Click ordering and Prime delivery
· Strong customer protection policies
Negative:
· Competition among sellers can lead to lower profit margins for individual sellers
· Sellers may face stricter regulations and account suspension for policy violations
· Shipping and delivery can sometimes be slow or unreliable, particularly for items sold by third-party sellers.
EBay Marketplace
Positive:
· Large, global customer base with millions of active buyers
· Ability to list almost any type of item for sale, including rare and collectible items
· Flexible pricing options, including auction-style listings and "Buy It Now" fixed-price listings
Negative:
· Fees and commissions can be relatively high compared to other marketplaces
· Competition among sellers can be intense, making it difficult to stand out and attract customers
· The platform's reputation system can be manipulated or abused, making it difficult to gauge a seller's reliability.
Etsy Marketplace
Positive:
· Focuses on handmade and vintage goods, offering a unique selection of products
· Strong community of creative entrepreneurs and small business owners
· Affordable fee structure for sellers
Negative:
· Limited product selection compared to larger marketplaces like Amazon or eBay
· Search ranking and visibility can be difficult for new or less established sellers
· The platform's policies and guidelines can be restrictive for some types of sellers, limiting their ability to list certain items.
Question 2
The choice of which marketplace to use depends on a variety of factors, such as the type of items you're selling, your target audience, and your sales goals. For example, if you're selling handmade or vintage goods, Etsy might be a good choice due to its focus on unique, creative products. If you're looking to reach a large, global audience and sell a wide range of products, Amazon or eBay might be a better fit. It may also be beneficial to list your items on multiple marketplaces to reach a wider audience and increase your chances of making a sale. Ultimately, the best marketplace for you will depend on your specific needs and goals.
Question 3
· Electronics: Smartphones, laptops, tablets, and other consumer electronics are in high demand and sell well on many marketplaces.
· Fashion and Apparel: Clothing, shoes, and accessories are popular items to sell on marketplaces, particularly if they are in-style and high-quality (Hartline et al., 2019).
· Home goods: Kitchen appliances, bedding, and other home...