Industry and militant Situation Analysis 1. Dominant frugal Characteristics of the Online auction bridge sale Industry commercialise Size: Â§ 14.5% of an estimated 320 million users will be registered to an online auction post. Â§ Revenues from online business-to-business be a $one hundred forty-five jillion market. Business-to-consumer is 31.2 billion. Â§ The bailiwick market for auctions, garage sales, flea markets and classified purchases was greater than $ one hundred billion in 1999 Â§ In 1999 an estimated 8.2% of Internet users registered at an auction site; the percentage was expected to be 14.5% by 2002. range of a function of Competitive Rivalry: Â§ Dominant players are competing internationally in move of North America, Europe, Asia and Latin America as hale as local and regional competitors going after respite markets. Market Growth Rate: Â§ Estimated gain of business-to-business sales is 665% by 2004. Â§ E-commerce in the U.S. accounted for over 65% of all Internet minutes in 1999 but estimated only 38% in 2003. This indicates the growth in other parts of the world. Stage in spiritedness vibration: Â§ Rapid growth and takeoff the market is in a boom, as markets open up around the world, and to a greater extent households are connecting to the Internet. Number of Competitors in Industry: Â§ There are a small number of market leaders, including eBay, Amazon, and Yahoo as well as a group of smaller competitors such(prenominal) as eHammer, edeal, and Haggle online.
Customers : Â§ Bargain hunters view online a! uctions primarily as a form of entertainment; their objective usually was to line up a great deal. Â§ Hobbyist/collectors used auctions to search for specific goods that had a lofty value to them personally. Â§ Sellers There are three types, mundane sellers, hobbyists/collectors, and part sellers. Ease of Entry/Exit: Â§ High inlet barriers receivable to the strong market leaders. New entrants will consider to administration the challenge of competing with recognized brands, customer... If you want to get a to the full essay, order it on our website: OrderCustomPaper.com
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