eBay was one of the first of what used to be many online auction sites on the internet, launched way back on Labor Day of 1995.
It is an international community of buyers and sellers linked together via internet. People for all over the globe use eBay to buy and sell merchandise and services.
eBay itself doesn’t buy or sell anything; it carries no inventory and collects no payments. eBay is just the middleman ion the selling process hooking up buyers and sellers around the world and collecting fees from sellers for doing so.
Most of the transaction in eBay occurred electronically via the internet. More often, money change hands electronically by direct bank transfer or credit card transaction.
Unlike Amazon, eBay does not sell merchandise directly; it’s just a marketplace for other sellers.
eBay remains a powerhouse online but its mission is to connect commerce.
According to eBay, ‘connected commence is both local and global, online and offline, big and small players can succeed with each other, not in spite of each other, creating competition that less ‘winners takes all’ and more ‘takes all to win’.
Business story of eBay
A computer system comprises hardware and software components, aiming to offer a powerful computational tool. These systems play a crucial role across diverse domains, aiding us in numerous tasks. The prevalence of the internet has significantly bolstered the utilization of computers for information sharing and communication. Computer systems empower us to store, process, display, and transmit information. Even in a basic modern computer system, multiple programs are typically required to carry out various functions effectively.
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