Ebay and Business Structures - 1180 Words

1,083 Rebecca Payne ECO2023 Pray 11-19-2012 eBay amp; Weird Al Business Structures There are a variety of different business structures that comprise the market in the world today. The most common ones found in the business world today are sole proprietorships, partnerships, and corporations. From these you will also find monopolies and oligopolies. Economists assume there are a number of different buyers and sellers in the market which leads to competition which allows prices to change in response to changes in supply and demand.(1) In many industries you there are substitutes for products, so if one type of product becomes too expensive the consumer can choose an alternative product that is cheaper, or one of better quality.†¦show more content†¦However, the goods and services sold on eBay can be considered perfectly competitive. There is a multitude of buyers, or producers, and consumers have options with substitutes. Most of the products sold within their category are similar and for the quality of the product, they are typically within the same price range of one another, and each individual seller chooses their price based on other similar goods sold on the site. Ebay, as a company itself, fits more in the category of an oligopoly, which is actually pretty common in any market. Other alternative websites include Yahoo!, Amazon, and Quibids, but there are only a small number of them, certainly not hundreds as in monopolistic competition. Also, eBay is interdependent on the few other auction website companies, competing with the fees they charge, as well as quality of customer support, and buyer/seller reliability. Another characteristic of eBay that coincides with it being considered an oligopoly is the fact that it has numerous entry barriers. It’s such a large company with many restrictions, and it would be hard for an up and coming substitute auction website to break into the market and compete with eBay or the other top companies in the industry. (6) Weird Al Yankovic, through his humor, gives a pretty accurate descr iption of how eBay works. Though obviously made as a joke, itShow MoreRelatedWhat Company Got So Big That Even Weird Al Yankovic1688 Words   |  7 Pagessong, â€Å"I want it that way†? If you guessed Amazon, you were wrong. The correct answer is eBay. Weird Al Yankovic describes in the eBay song what he bought on the famous website. EBay is a website that you can sell or buy literally anything. Weird Al says that he bought a used pink bathrobe, a rare mint snow globe, a Smurf TV tray. He then states that his house is filled with this crap that people sell on eBay (Yankovic, 2016). Weird Al really knows how to shop. E-Bay was founded in 1995, it was asRead MoreEbay Structures Its Bid for Change1183 Words   |  5 PageseBay Structures Its Bid For Change Kendra L. Brown Webster University eBay Structures Its Bid For Change Problem Statement Adoption of an improper organizational structure design that is not flexible enough to the unstable and the rapidly changing external environment in eBay’s domestic and international markets. Analysis and Evaluation A functional organizational structure with various operational areas, such as finance, operations, human resources, and legalRead MoreEbay Bids for Structured Change Essay example1300 Words   |  6 PagesEBay Bids for Structured Change. Case Study Answers EBay started out with a U form, or functional, design. What changes in that design have already occurred as a result of the company’s growth? What kind of changes seem likely for the future? †¢ One of the first things we need to look at is what the u-form design is. 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Today it is a multibillion-dollar business with operationsRead MoreOverview Of Ebay Inc.854 Words   |  4 Pagesorganization eBay Inc. is am American multinational corporation and e-commerce company, providing consumer-to consumer sales services via the internet. Its head quarter is located in San Jose, California. The founder of eBay is Pierre Omidyar (1995). It is a multibillion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and business buy and sell a broad variety of goods and services worldwide. eBay connectsRead MoreTui Mod 4 Case937 Words   |  4 Pagescustomers and products, what would you recommend should the capital structure (total liabilities or debt and equity proportions) be for each of the three companies? 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