Which of the Following Is True of Amazon

question 52

Multiple Choice

Which of the following is true of Amazon?

• A) Amazon's early warehousing was a model of efficiency and was critical to the firm being profitable from the start.
• B) Amazon is the last place most consumers shop online.
• C) The three pillars of Amazon's business are large selection, convenience, and lower prices.
• D) Amazon, only recently has started selling directly to customers.
• E) Amazon concentrates on niche customers, low brand assortment, and higher prices to gain competitive advantage.

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Definitions:

Poverty

The state of having insufficient financial resources to meet basic living expenses, such as food, shelter, and healthcare.

Poverty Threshold

The annual income below which a family is officially considered poor.

Technological Progress

It denotes advancements and improvements in technology, which enhance productivity and efficiency in various sectors.

Income Inequality

The unequal distribution of income among individuals or groups within a society.