What Was the First Step of Experimentation That the Founder

question 93

Multiple Choice

What was the first step of experimentation that the founder of Amazon began using the process to assess online business opportunities?

• A)He asked questions about shopping behavior and mail order shopping.
• B)He browsed the Internet for online shopping sites.
• C)He conducted a survey about interest in online shopping.
• D)He tested product online, using someone else's website.

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Definitions:

Sales

The transactions or activities involved in selling goods or services in return for money or other compensation.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, or insurance premiums.

Negative Returns

A situation in which an increase in the amount of inputs used leads to a decrease in the level of output, often seen in cases of over-investment or inefficient production processes.

Worker

An individual who performs tasks or services for compensation; an employee.