All of the Following Statements About Amazon

question 8

Multiple Choice

All of the following statements about Amazon.com are true except:

• A)Amazon has achieved success by focusing on its primary mission: selling books at highly competitive prices.
• B)Amazon leases its own computing power to other companies.
• C)eBay can be considered a competitor of Amazon's.
• D)the Kindle is the best-selling product in Amazon's history.

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Definitions:

Discount

A reduction from the usual cost of something, often expressed as a percentage off the original price.

Convertible Bond

A financial instrument that allows the bondholder to convert the bond into a predetermined number of shares of common stock of the issuing company.

Market Value

The dollar amount required to replace the inventory as of the inventory date.

Stock Selling

The process of disposing shares of a company to investors in exchange for capital, also referred to as stock trading when done frequently.