Kind of products/services Amazon is producing

            Amazon is producing almost all type of the product/services including the various media like Books, DVDs, Music CDs, Videotapes as well as software. There are also more products like apparel, beauty products, personal; care items, gourmet foods, scientific supplies, jewelry, watches, musical instruments, garden and lawn items, sporting goods, tools toys, and games.

The company selling the niche products/services differentiate it

        The goods as well as services, which service the specific segments of the customers is the Niche products. In the various circumstances the one kind as well as unique handmade products to create the different favorite items to buy the details online. Amazon is selling Niche products/services. The best Niche products of Amazon is baby oil, clothing, etc. In economics, the products differentiation is a process for the distinguishing of the services as well as products for other than create more attractive for the specific target market. It also involves the differentiation between the competitors’ products as well as the Amazon own products

Does the company produce durable or non- durable, perishable or non-perishable, normal or inferior, necessity or luxury goods?

        Amazon produced both goods durable as well as non-durable.  Like the sustainable products the automobile, books, household goods, electronics, sports equipment, jewelry, firearms, and medical equipment is as well as the toys (Green, 2016).

        Amazon also produced non-durable like cosmetics, the foods, fast-moving consumer goods plastics, textiles, footwear, as well as clothing.

        Yes, the Amazon produced both, perishable or non-perishable goods. Like in Amazon the perishable foods is that, which are spoiled if it is not kept in the refrigeration. Like the vegetables, fruits, along with all the cooked that is also come under this category. Amazon also produced the non-perishable goods, the dry fruits that is store for a long time without refrigeration.

Question 2

Price elasticity of demand for different products it elastic or inelastic,

        The elastic demand is the crucial concerns for the attempts of enterprises that is set for the values of the product and fabricated the single price for buyers. In the slumped economy, this also affects the business profoundly in the economy for the sales decreasing along with the management interested and also increase the current selling’s (Dans, 2018).

        A demand elasticity price is the recuperate of loss in the profits. By the services as well as products the demand for the electricity is measured along with the unstable reaction that is also related to the pricing. The products rule in the Amazon business, for the products sales is also increases, when the prices are lower along with it is also decrease when the price is high.

Question 3

Main competitor

There are central competitors of the Amazon as shown below.

These are the Amazon competitors in E-commerce’s (SEGAL, 2019);

Alibaba

Walmart

Otto

JD

Priceline

eBay

Threats of the company

        The biggest risks for the Amazon Company is increasing the concern over the online shopping due to the identity of the theft along with the hacking that leaves the consumers data. The other threats are the aggressive pricing strategies, where the Amazon faced the lawsuits form the rivals as well as publishers in retailing industry. Also, Amazon is faced an important competition form the local retailers that is agile.

Question 4

Analyze different scenarios, what would happen if income in the county goes up/down, what would happen in prices of substitute/complement goods go up/down

        The demand for the substitute is an increase, if the cost of the products is increasing, and on the other side, the decreased demand for the substitutes decrease the costs in goods. If the income is increased, the order is also increasing, because the sound is normal goods.