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COM2601 PORTFOLIO (ANSWERS) Semester 1 2023.
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Background: A Inc., commonly known as Amazon, is a multinational technology company based in Seattle, Washington, United States. It was founded by Jeff Bezos on July 5, 1994, initially as an online marketplace for books. However, over the years, Amazon has expanded its product offerings and div...

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  • May 30, 2023
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  • 2022/2023
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  • com2601 portfolio answers semester 1 2023

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COM2601 PORTFOLIO (ANSWERS)
Semester 1 2023.

, Background:
Amazon.com Inc., commonly known as Amazon, is a multinational technology company based in
Seattle, Washington, United States. It was founded by Jeff Bezos on July 5, 1994, initially as an
online marketplace for books. However, over the years, Amazon has expanded its product offerings
and diversified into various sectors, becoming one of the world's largest e-commerce and cloud
computing companies.

Amazon started as an online bookstore, but quickly expanded its inventory to include a wide range of
products, including electronics, apparel, home goods, and more. The company's success can be
attributed to its customer-centric approach, competitive pricing, vast product selection, and efficient
logistics and delivery network.

In addition to its e-commerce business, Amazon has also ventured into other areas. One of its
notable achievements is the introduction of Amazon Web Services (AWS) in 2006. AWS provides
cloud computing services to individuals, businesses, and governments worldwide, and it has become
a significant source of revenue for the company.

Over time, Amazon has continued to diversify its operations. It has introduced several innovative
products and services, such as the Kindle e-reader, Amazon Prime subscription service, Amazon
Echo smart speakers with the virtual assistant Alexa, and the Amazon Fire TV streaming media
devices.

Today, Amazon is not only a leading e-commerce platform but also a major player in the technology
industry. It has expanded its global presence and operates in various countries, serving millions of
customers worldwide. The company has achieved remarkable success and has consistently been
ranked among the most valuable and influential companies globally.

Despite its success, Amazon has faced scrutiny and criticism over issues like labor practices,
antitrust concerns, and environmental impact. However, it remains a dominant force in the e-
commerce and technology sectors, continuing to innovate and shape the way people shop and
access digital services.

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