Which of the Following Statements Regarding Amazon

question 12

Multiple Choice

Which of the following statements regarding Amazon.com is FALSE?

• A) The company was opened by Jeff Bezos in 1995.
• B) The company was founded as a "virtual" retailer with no inventory.
• C) The company is now a world-class leader in warehouse automation and management.
• D) The company uses both United Parcel Service and the U.S. Postal Service as shippers.
• E) Amazon obtains its competitive advantage mainly through effective worker scheduling.

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Definitions:

Price Controls

Government interventions to regulate the maximum or minimum prices of certain commodities or services, aiming to prevent market imbalances.

Market Price

The existing rate at which an asset or service is available for buying or selling in a competitive environment.

Not Binding

A term used to describe agreements, conditions, or regulations that do not impose restrictions on the actions of the involved parties.

Market Effect

The impact of supply, demand, and external factors on the prices and availability of goods and services in a market.