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MIS 301 Final Question and answers already passed 2024

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MIS 301 Final Question and answers already passed 2024 T/F: Initially, Amazon adopted the domain of a non-profit organization - correct answer false T/F: Amazon went seven whole years without turning a profit - correct answer true T/F: Amazon's success strategy is based on the focus on ...

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  • August 27, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mis 301 final
  • mis 301 final question and answers already passed

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  • MIC 301
  • MIC 301

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MIS 301 Final
T/F: Initially, Amazon adopted the domain of a non-profit organization - correct
answer ✔false


T/F: Amazon went seven whole years without turning a profit - correct answer
✔true


T/F: Amazon's success strategy is based on the focus on its quarterly results -
correct answer ✔false


T/F: Amazon's digital publishing ambitions have extended beyond the printed
word to include video content and video games - correct answer ✔true


T/F: Amazon, as a company, is susceptible to channel conflicts, but less so if
it can deliver suppliers a greater revenue than all other channels combined -
correct answer ✔true


Which of the following is an example of agency pricing - correct answer ✔a
department store gets a cut on the selling price of a product, which is set by
the product's manufacturer


Identify the true statement - correct answer ✔Rivals colluding to set prices is
illegal


Free shipping can cost Amazon upwards of _____ million in a single quarter -
correct answer ✔600

, Which of the following statements is true? - correct answer ✔It is not
uncommon for a big retailer like Amazon to be able to hold products for a
month or longer without having to pay for them


The phrase inventory turns refers to: - correct answer ✔Number of times
inventory is sold or used during a specific period


The online retailing technique known as ______ offers deep discounts of a
limited quantity of inventory, often for a fixed period of time or until inventory
runs outs. - correct answer ✔flash sales


_____ is a classification of software that monitors trends among customers
and uses this data to personalize an individual customer's experience - correct
answer ✔collaborative services


_____ refers to the industry practice where the publisher sets the price and
the reseller gets a cut (usually around 30% in electronic book markets) -
correct answer ✔agency pricing


The publishing practice known as ____ pricing allows a retailer to buy
products from suppliers, but then sell these products to consumers at
whatever price they'd like. - correct answer ✔wholesale


______ Law has allowed Amazon to radically drop the price of Kindle
offerings. - correct answer ✔Moore's


T/F: High switching costs serve to weaken the value of network effects as a
value asset. - correct answer ✔false

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