Submit a summary of the strategic issues that the AMAZON company confronts and the team’s recommendations to resolve them. This summary can be written in a bullet point format - 12 point, Times New...

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Answered 2 days AfterNov 08, 2023

Answer To: Submit a summary of the strategic issues that the AMAZON company confronts and the team’s...

Ayan answered on Nov 10 2023
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· Regulatory Compliance: Navigating the Global Maze – Due to its worldwide growth
, Amazon is now entangled in a complex web of different and sometimes complex regulatory frameworks. In every nation where it conducts business, the corporation has to carefully manage legislation pertaining to data privacy, taxation, and product standards. There are serious repercussions for messing up this intricate dance, from large penalties to lawsuits and possible harm to the company's hard-earned reputation. Taxes come up as the main issue. Due to its international activities, Amazon is governed by a multitude of tax rules, such as sales tax, value-added tax (VAT), and corporate income tax (O’Reilly, Charles & Michael). Every country has its own set of regulations and standards, necessitating a comprehensive and flexible compliance strategy. The difficulties are made worse by the way international tax regulations are changing, especially in the context of the digital economy, where it is become harder to distinguish between in-person and virtual transactions. Another crucial component of regulatory compliance is data protection. Being the keeper of enormous volumes of consumer data, Amazon is required to strictly abide by privacy laws like the General Data Protection Regulation (GDPR) of the European Union. In addition to being required by law, protecting the security and privacy of customer data is essential to preserving consumer confidence, which is the cornerstone of Amazon's success. Standardization of products adds another level of difficulty. Due to the variety of the world market, goods that satisfy regulations in one nation could not satisfy those in another. Examining third-party vendors' offers to make sure they meet the unique needs of every area is...
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