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ARTICLE · 06 APRIL 2017

Safe Harbour For Intermediaires

"There is only one boss. The customer. And he can fire everybody in the company from the chairman on down. Simply by spending his money somewhere else" – Sam Walton.

IndiaTechnology
N. Mahabir
N. Mahabir
  1. "There is only one boss. The customer. And he can fire everybody in the company from the chairman on down. Simply by spending his money somewhere else" – Sam Walton.
  2. World has moved from Brick and Mortar to online in all forms of assimilation right from mom and pop stores to electronics and medicines. From selling limited wares in a shop, an online store can sell unlimited wares. The business is scalable without limits. Online platforms or intermediaries like Flipkart, eBay, Amazon have given access to many vendors through their platforms. However, it may not be feasible to keep an electronic watchman to filter everything the vendor intends to sell on the site. The power of intermediary can be deciphered from the fact that on 29 March 2017, Amazon founder Jeff Bezos became the second richest person on earth, few billions short of Bill Gates.

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