Amazon Business Practices and Strategies

The video explores Amazon's evolution from a book retailer to a global tech giant, highlighting its diverse offerings, including cloud computing and AI. It discusses Amazon Go's cashier-less technology, AI's role in logistics, and Alexa's development. The video also examines Amazon's market dominance, antitrust concerns, and its impact on retail and employment.

What was Amazon's initial product offering when it launched in 1995?

• Electronics

• Books

• Groceries

• Clothing

What was a major criticism of Amazon regarding its employees?

• Limited career growth

• Poor working conditions

• Low employee wages

• Lack of job opportunities

What is the key technological feature of Amazon Go stores?

• Self-checkout kiosks

• Virtual reality shopping

• Cashier-less shopping

• Drone delivery

How does Amazon use AI in its warehouses?

• To manage inventory levels

• To optimize product retrieval

• To enhance customer service

• To replace human workers

What is a future goal for Alexa's development?

• To understand multiple languages

• To respond to user emotions

• To provide financial advice

• To operate without internet

What is Jeff Bezos's core business philosophy for Amazon?

• Short-term profits

• Rapid expansion

• Cost-cutting measures

• Patience and long-term growth

What is predatory pricing?

• Setting prices above market value

• Increasing prices during high demand

• Offering discounts to loyal customers

• Pricing goods below cost to eliminate competition

Why do some argue that Amazon is not a monopoly?

• It has a diverse product range

• It offers low prices and more choices

• It operates in multiple countries

• It invests in technology

What is a concern about Amazon's size and market influence?

• It stifles innovation

• It limits consumer choices

• It focuses too much on technology

• It uses its dominance to benefit other business lines

What is a challenge in proving predatory pricing in court?

• Lack of evidence

• High burden of proof

• Insufficient consumer complaints

• Complex legal procedures