Define: Amazon

Amazon
Amazon
What is the dictionary definition of Amazon?
Dictionary Definition of Amazon

Amazon (noun):

1. A multinational technology company founded by Jeff Bezos in 1994, primarily known for its e-commerce platform and cloud computing services.
2. The largest online marketplace in the world, offering a wide range of products and services, including electronics, books, clothing, and household items, available for purchase and delivery to customers worldwide.
3. A leading provider of cloud computing services through its subsidiary Amazon Web Services (AWS), offering scalable and cost-effective solutions for businesses and individuals to store, manage, and analyse data.
4. A prominent player in the entertainment industry, producing and distributing original content through its streaming platform, Amazon Prime Video, and owning the popular audiobook and podcast platform, Audible.
5. A company known for its customer-centric approach, efficient logistics, and innovative technologies, such as the Amazon Echo smart speaker and virtual assistant, Alexa.
6. A symbol of the rapid growth and dominance of online retail, revolutionising the way people shop and transforming various industries through its disruptive business model.

Full Definition Of Amazon

Amazon is a multinational technology company that operates as an online marketplace and provides various services, including cloud computing and digital streaming. It was founded in 1994 by Jeff Bezos and is headquartered in Seattle, Washington.

Amazon’s business model primarily revolves around e-commerce, where it allows third-party sellers to sell their products on its platform. The company earns revenue through commissions and fees from these sellers, as well as through its own retail sales. Amazon has expanded its operations globally and has a significant presence in various countries.

In addition to its e-commerce platform, Amazon offers various services, such as Amazon Prime, a subscription-based service that provides benefits like free shipping and access to streaming services. It also operates Amazon Web Services (AWS), a cloud computing platform that offers a range of services to businesses and individuals.

Amazon has faced legal challenges in different jurisdictions. These include antitrust concerns related to its dominance in the e-commerce market, allegations of unfair business practices, and issues related to labour rights and working conditions in its warehouses. The company has also been involved in disputes over intellectual property rights and counterfeit products sold on its platform.

To address some of these concerns, Amazon has implemented measures to combat counterfeit products, improve working conditions, and ensure compliance with local laws and regulations. It has also faced regulatory scrutiny and investigations by competition authorities in various countries.

Overall, Amazon’s legal landscape is complex and dynamic, with the company facing a range of legal challenges and regulatory issues as it continues to expand its operations and influence in the global marketplace.

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This glossary post was last updated: 11th April 2024.

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