AmazonCom Uses a Customer Profiling System Whenever a Customer Visits

question 55

Multiple Choice

Amazon.com uses a customer profiling system whenever a customer visits its website.Using this system, Amazon can offer products tailored to that particular customer's profile and buying pattern.What is Amazon using to achieve this competitive advantage?

• A)rivalry
• B)buyer power
• C)product differentiation
• D)substitute product

Grasp the strategic considerations firms must undertake in price setting within monopolistic and oligopolistic market structures.

Comprehend the relationship between marginal revenue, marginal cost, and profit maximization for monopolists.

Evaluate why monopolies are uncommon and the role of substitutes in market competition.

Understand the graphical representation of monopolist demand, marginal revenue, and the implications for pricing and output decisions.

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Definitions:

Testes Growth

The process of maturation and enlargement of the testes, which is a primary indicator of male puberty.

Primary Sex

Characteristics are the main sexual traits individuals are born with, such as ovaries in females and testes in males, determining biological sex.

Breast Enlargement

A surgical procedure to increase the size and/or alter the shape of a woman's breasts for cosmetic or medical reasons.

Pubic Hair

Body hair that grows in the genital region following puberty; a secondary sexual characteristic signaling sexual maturity.