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OIM 210 Exam 3: Questions With Precise Solutions
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OIM 210 Exam 3: Questions With Precise Solutions
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OIM 210 Exam 3: Questions With Precise SolutionsIs Amazon Profitable? Right Ans - No, there is a huge difference between
how much profit it is making in respect to revenues and how much they are
actually making
How long did Amazon go without turning a profit? Right Ans - 7 years and
lost 3 billion during that time
Why did publications label Amazon "Amazon.org" Right Ans - Because it
should adopt a domain of a nonprofit since it will never make any money
Why didn't Jeff Bezos and Amazon make profit? Right Ans - Jeff followed
his best reckoning on where markets and technology were headed,
postponing profit harvesting by plowing cash into expanding warehousing
capacity, building e-commerce operations worldwide. THEY CHOSE TO
INVEST THEIR MONEY
Amazon has bought numerous companies such as Right Ans - Whole foods,
Zappos
Amazon first profit was when _______ went bankrupt Right Ans - Kmart
Profits continued with the _______ when Amazon net income climbed from 467
million to 1.15 billion Right Ans - Kindle
When Amazon first started to make a profit, did they always continue that
profit? Right Ans - No, heavy investments in 2012 allowed them to only
make 274 million.
Amazon was the fastest firm in history to reach $100 billion in sales after
having nine consecutive profitable quarters in Spring 2017.
True or False Right Ans - True
Amazon is all about the Right Ans - long term
Jeff Bezos said that you should compete on a ___________ horizon to compete
with a fraction of these people because very little companies are willingly to
do that Right Ans - seven-year
, Amazon like things to work in ______ to _______ years. Right Ans - five to
seven
Even though Amazon sales are a fraction of Walmarts, it is worth Right Ans
- twice as much as the world's largest physical retailer and is growing far
faster
Amazon is not making much profit because they are spending everything they
earn to create Right Ans - better economies of scale
Amazon plowing as much as they can to create Right Ans - assets that can
give them global advantage
Amazon's logo is A--> Z, what does this mean and why it is important?
Right Ans - "We carry everything from A to Z" and it creates brand
Amazon's three pillars? Right Ans - Largest selection, customer experience
(convenience) and lower prices
Jeff Bezos thinks what question is important and why? Right Ans - "What's
not going to change in the next ten years?" Because you can build a business
around things that are stable
What do the three pillars do for Amazon? Right Ans - reinforce one another
and work together to create several additional assets for competitive
advantage
Customer experience fuels a strong _______ that makes Amazon the first place
most consumers shop online. Right Ans - brand
Having more customers allows the firm to provide more products creating
Right Ans - scale
The larger the business, the easier it is for Amazon to Right Ans - justify
vertically intergrating to become its own shipper in some circumstances-
keeping prices and other cost down while speeding delivery
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