Which of the Following Strategies Was Followed by Amazon's Founder

question 89

Multiple Choice

Which of the following strategies was followed by Amazon's founder?

• A) He focused more on Amazon's quarterly results.
• B) He postponed profit harvesting.
• C) He reduced warehousing capacity.
• D) He consciously ignored cloud computing platforms.
• E) He built e-commerce operations only for Amazon's customers in the United States.

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Definitions:

Price

Price is the amount of money that must be paid to acquire a good or service.

Consumer Surplus

The gap between what consumers are ready and able to spend for a good or service and the actual amount they pay.

Willingness to Pay

The maximum amount an individual is prepared to expend on a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of spending on a product or service and what they end up spending.