Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/≈550 words
Sources:
1 Source
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

American Express (Essay Sample)

Instructions:

Analyze the current market conditions of “AMERICAN EXPRESS” addressing the followings: 1. Market structure 2. Productivity: Consider the law of diminishing marginal productivity. 3. Cost structure: o Wages and benefits o Fixed and variable costs 4. Effect of government regulations

source..
Content:

AMERICAN EXPRESS
Name
Course
Institution
Date of Submission
American Express
American Express Company known simply as American Express is or AmEx is a global service company whose principle products and services are charge and credit payment card products and the company also operate some travel-related services that are offered to customers and businesses worldwide. AmEx operates in four segments which are: U.S Card Services, Global Commercial Services (GCS), International Card Services and Global Network & Merchant Services (GNMS). The company earns about half of its revenues from merchants, where they charge them a discount rate for each transaction that is processed. The other major source of revenue for AmEx is the cardholders themselves who pay annual fees as well as interests that are charged on their balances (Grossman, 1995).
In the financial year of 2010, American Express recorded a net income of $4.1 billion from its total revenues of $27.8 billion. This figure marked an increase from its 2009 net income of $2.1 billion and revenue worth $24.5 billion. As a credit issuer, AmEx performance is highly dependent on the state of the economy. In times of economic downturns, customer spending predictably go down, while booms can precipitate spending and borrowing. With the falling of the home prices in the U.S, tightening of credit market and a general uncertainty that has been that resulted fr...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • How to overcome Organizational Challenges
    Description: Communications Paper. How to overcome Organizational Challenges Business and Marketing Essay...
    3 pages/≈825 words | 2 Sources | APA | Business & Marketing | Essay |
  • Guiding an organization through a major change
    Description: Unit VII Reflection Paper One of the most challenging roles for a leader is to guide an organization through a major change Essay...
    3 pages/≈825 words | 2 Sources | APA | Business & Marketing | Essay |
  • Executive Summary of a Proposal
    Description: Executive Summary of a Proposal Business and Marketing Essay...
    1 page/≈275 words | 2 Sources | APA | Business & Marketing | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!