After Jeff Bezos Read About How the Internet Was Growing

question 97

Multiple Choice

After Jeff Bezos read about how the Internet was growing by 2,000 percent a month,he set out to use the Internet as a new distribution channel and founded Amazon,which is now the world's largest online retailer.This is clearly an example of a(n)

• A) firm that uses closed innovation.
• B) entrepreneur who commercialized invention into an innovation.
• C) business that entered the industry during its maturity stage.
• D) exception to the long tail business model.

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Definitions:

SMEs

Small and Medium-sized Enterprises, which are businesses with a limited number of employees and revenue below certain thresholds.

Not-for-profit Organizations

Entities that operate primarily for purposes other than to make a profit, focusing instead on social, educational, or charitable objectives.

Publicly Traded

Describes a company whose shares are freely traded on a stock exchange, allowing investors to buy and sell shares.