Amazon Earns Billions of Dollars Every Year from Its "Personalization

question 98

Multiple Choice

Amazon earns billions of dollars every year from its "personalization technologies" based on ________ information.

• A)heuristics-based
• B)risk management
• C)nonlinear thinking
• D)exploiting big data

Understand how market mechanisms naturally move towards equilibrium.

Appreciate the distinction between supply (demand) and quantity supplied (demanded).

Examine the effects of simultaneous changes in demand and cost factors on market equilibrium.

Understand how to edit and update company information in QuickBooks.

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Definitions:

Average Collection Period

The average time it takes for a business to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.

Balance Sheet

A statement that presents an organization's assets, liabilities, and the equity of its shareholders at a distinct point in time.

Sales On Account

Transactions where goods are sold but payment is deferred to a later date.

Cost Of Goods Sold

The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for both materials and labor.