Glitch Causes Amazon U.K. to Sell Items for One Penny

Glitch Causes Amazon U.K. to Sell Items for One Penny

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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A technical glitch on Amazon's UK marketplace caused thousands of items to be listed at 1 penny, impacting sellers represented by Reseller Express. While some customers benefited from the error, many sellers faced significant financial losses, with some fearing bankruptcy. The incident highlights the challenges small sellers face in maintaining competitive prices, often relying on third-party pricing algorithms that can malfunction.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do small sellers try to keep their prices competitive on the Internet?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What issues can arise from using third-party pricing companies?

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