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Accounts payable periods do not vary.

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_____ exists when a firm's potential partners see that firm as a threat.

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Which of the following is an example of agency pricing?


A) A department store gets a cut on the selling price of a product, which is set by the product's manufacturer.
B) A retail store purchases merchandise from a manufacturer and sells the merchandise at whatever prices it wishes to charge.
C) The government of a country sets the minimum price for certain agricultural products to cover the costs incurred by the farmers.
D) A manufacturer and a retailer work in a collaborative manner to decide the price of the final product.
E) The government of a country sets the maximum price for a certain product that retailers cannot exceed.

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In order to automate profit-pushing hyper-efficiency, Amazon warehouses are powered by at least as much code as the firm's website.

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A(n) _____ is a marketing practice where a firm rewards partners (affiliates) who bring in new business, often with a percentage of any resulting sales.

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New Amazon Fresh "click and collect" centers in Seattle allow customers to order online and then drive through to have their groceries loaded directly into their cars at a predetermined time.

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Many pundits assumed Amazon would fail. Why?


A) the firm was losing money and competing against established, well known, offline brands who were going online.
B) Amazon was too short-term focused.
C) the firm was based in Seattle, rather than Silicon Valley.
D) Amazon sales were not increasing.
E) all of the above.

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By allowing third parties to make products available through Amazon, the firm strengthens network effects for competitive advantage.

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Briefly describe Amazon Web Services (AWS).

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AWS is already a highly-profitable, mult...

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The phrase inventory turns refers to:


A) the stock of inventory returned to a manufacturer due to poor quality.
B) also known as gross-profit margin turnover.
C) the number of times an inventory item moves within a warehouse.
D) the time it takes a product to be replaced by a newer model or upgraded product.
E) the number of times inventory is sold or used during a specific period.

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Despite the heavy investment by Amazon and others, the number of online grocery shoppers is still a measly____ percent in the US

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a. 3.5b. 1...

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The firm's period between paying suppliers for products and collecting funds from customers who purchase these products is referred to as the _____.


A) earnings cycle
B) cash conversion cycle
C) inventory turnover cycle
D) liquidity period cycle
E) trade cycle

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Amazon's moves are largely motivated by:


A) customer focus.
B) cost cutting.
C) the focus on making immediate supplier payments.
D) internal leadership.
E) technology advancements.

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Which of the following is true of Amazon?


A) Amazon made profits from the first year of its operation.
B) It has limited its products to only electronic devices.
C) Its cloud computing business is one of the largest players in that category.
D) Its profitability has remained constant over the years and analysts continue to predict profits for the firm's future.
E) Amazon concentrates more on its quarterly results and is inflexible on details about its vision.

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Which of the following is considered one of the three 'pillars' critical to Amazon's business success?


A) Large selection
B) Niche customers
C) Inimitable technology
D) Dynamic pricing
E) Firm-owned brands

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Amazon doesn't share spending habits of its Prime customers, but many estimates have Prime customers spending _____ as much as non-Prime.

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Dynamic pricing:


A) refers to pricing that shifts over time based on conditions associated with product supply and demand.
B) refers to pricing that is always a notch higher than competition.
C) refers to pricing strategies that focuses on consistency even if environmental conditions fluctuate wildly.
D) is also known as the bargaining power of customers.
E) refers to pricing that is always a notch below competition.

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AWS is acting as an entrepreneurship catalyst, enabling startups to host and scale their efforts without the added cost associated with buying and maintaining large quantities of computing ware.

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Third-party products of Amazon are referred to as being part of the _____.

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_____ is a randomized group of experiments used to collect data and compare performance among two options studied.


A) Bucket testing
B) Multivariate testing
C) A/B testing
D) Choice modelling
E) Web usability testing

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