Question
Read Carvana Stock Can Hit $200: Portfolio Manager, by Joseph Frankenfield Imagine you are interested in buying a car. You can find information about cars
Read Carvana Stock Can Hit $200: Portfolio Manager, by Joseph Frankenfield
Imagine you are interested in buying a car. You can find information about cars at numerous websites: new/used cars, financing options, and insurance. Decide which car you want to buy. Configure your car by going to the car manufacturer's website (keep records of your car configuration). Go to find the car using Carvana (website/mobile app) and another website/app that is possible to find information about buy/sale a car.
Case Study Questions: Make a comparison of the information you got by developing the case study experiment, the information you got from the case study reference article, and the additional supporting readings (or other materials you have researched). Answer the questions below:
1. Make a quick report about your car configurations and describe your "buying" overall experience on Carvana?
2. Compare your experience on Carvana with the other website/app. If you indeed want to buy a car would you do it through Carvana? Why? Justify your answer?
3. Describe and analyze the e-commerce principles applied by Carvana. Identify the key aspects that make Carvana's business model competitive and successful?
4. Describe and analyze how Carvana's business model has impacted the market for car retailer sales in the US. Highlight positive and negative impacts for the sector.
5. Considering the impacts of e-commerce on Retail and Sales, in your opinion what is the key factor that best describes the performance of Carvana in today's business scenario in comparison with other companies in the sector? What is your prediction for its future considering the COVID-19 economic crisis?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started