Week 3 Day 5 CheckPoint - line business is that you never...

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Briefly describe how eBay ® works. What advantages and disadvantages do you think eBay ®   offers to small-scale sellers and large-scale sellers? Based on what you have learned, if you wanted to start an electronic retail (e-tail) business, would you use eBay ® ? Explain your reasoning eBay ®  is a website that allows individuals the opportunity to buy and sell  items without having to own a 'brick and mortar' facility. I know that this explanation is  rather simplistic, but in reality, it is the most basic definition for this type of business.  The advantages to this type of business are the ability for sellers to profit  from the sale of items without having to rent or lease a traditional building. This  advantage eliminates the added cost of doing business that a traditional business owner  must take into consideration when setting the prices. The major disadvantage to an on-
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Unformatted text preview: line business is that you never get to interact with your customers or your potential customers. Now for the small scale seller, this is a problem because with smaller businesses, you might need to actually be a sales person when trying to persuade a potential customer to purchase an item. However, for a large scale sellers, this really might not be a disadvantage or at least not enough to outweigh the advantages. I personally do not feel that I would want to use a site like this if I was going into an e-tail business. While for some people this might work, I feel that all the competitors that use the site, are taking away from my potential customer base. Whereas, a standalone site that sold only the items that I have control of would be a better scenario for myself....
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