Company Profile And Philosophy Of Amazon.com, Inc.

1. Provide a (a) brief history of the company including the company profile and philosophy. Amazon.com, Inc., is an e-commerce company that offers that offers a vast range of products through its website. It operates in two segments, North America and International. The North American segment focuses on retail sales, while the international segment focuses on the operations done through its international websites such as www.amazon.co.uk. Through its website, the company offers instant videos, digital music, Amazon Cloud Drive, and other various products. The company offers its own products and third-party products through its website and mobile application. It also manufactures and sells electronic devices such as the Fire Tablets and†¦show more content†¦Jeff Bezos then debuted the company website on July 1995 and it soon became the number one book site on the World Wide Web. The website let customers select a book title, order books with the credit card, and the order would be shipped in a few days. The company did not have a warehouse, since orders were placed directly through wholesalers and publishers. Jeff Bezos initially operated from his garage until his success grew and moved to an office in Seattle that served as customer support, shipping and receiving area. A month after launching the website, the company had filled orders from all United States and 45 other countries. Amazon.com was created as a customer-friendly website and it relates to all types of customers. In May 1997, the company went public. The initial public offering was three million shares of common stock. In October 1997, Amazon became the first Internet retailer to reach one million customers from all United States and now 160 countries. The company now had a revenue of $147.8 million in yearly sales. In 1998, Amazon.com was the third largest bookseller in the United States. That same year Amazon.com diversified into Europe by acquiring Bookpages and Telebook, two large online book sellers. The company also acquired Internet Movie Database which would mark the expa nsion of their items for sale. In 1998, the company also entered into the online music store business. By 1999, the company had added new products to its