Entrepreneur is EBay
Nov 15th, 2010 by imransiddiqui
Entrepreneurial relates to the decision-making and efficient utilization of the factors of production, which leads to a rise in wealth and innovation of the company. EBay, a multimillion-dollar company, is a concrete example of being entrepreneurial. It operates in more than 30 countries of the world offering an online market where the buyer and seller can meet to trade. EBay exhibits entrepreneurial characteristic, as it not only creates a new market but also adds significantly to innovation with respect to new product methods.
EBay emerged with the idea of creating a new market where anyone can sell and anyone can buy. The medium is internet, which provides every individual and businesses with an opportunity to be a part of e-commerce and trade wide range of goods and services worldwide. Moreover, EBay innovated new methods of selling; creating new payment systems that has revolutionized the e-commerce. For instance, billing systems such as “bill me later” has added to the facilitation of online payments.
I would conclude stating that EBay aided commerce to become “mobile commerce”.
Sources:
http://www.techvibes.com/blog/ebay-seeks-canadas-best-entrepreneurs-innovators-and-family-businesses