Amazon Business Practices and Strategies

The video explores Amazon's evolution from a book retailer to a global giant, highlighting its use of AI in Amazon Go stores and its business strategy focused on long-term growth. It discusses the company's market dominance, antitrust concerns, and the debate over whether Amazon is a monopoly. The video also touches on the impact of AI on jobs and Amazon's influence on consumer behavior.

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

• Books

• Electronics

• Clothing

• Groceries

What is one of the criticisms Amazon has faced regarding its workforce?

• Lack of diversity

• Low employee wages

• High employee turnover

• Poor working conditions

How does Amazon Go store technology differ from traditional stores?

• It uses AI to track purchases without cashiers

• It requires a membership to enter

• It uses cashiers for checkout

• It only sells Amazon products

What role does AI play in Amazon's warehouses?

• It designs new products

• It manages customer service inquiries

• It assists in fulfilling orders efficiently

• It replaces human workers entirely

What is a future goal for Alexa's development?

• To become a standalone device

• To respond to user emotions and sentiments

• To operate without internet

• To replace human interaction

What is a key aspect of Jeff Bezos's business philosophy for Amazon?

• Avoiding technological advancements

• Prioritizing long-term growth

• Focusing on short-term profits

• Limiting market expansion

What is the main argument against Amazon being considered a monopoly?

• It has a small market share

• It offers high prices

• It provides consumers with lower prices and more choices

• It only operates in the US

What is predatory pricing?

• Increasing prices during high demand

• Offering discounts to loyal customers

• Pricing goods below cost to eliminate competition

• Setting prices above market value

Why is predatory pricing difficult to prove in court?

• It is a common business practice

• It benefits consumers in the short term

• It requires evidence of consumer harm

• It is not illegal

What is a concern about Amazon's involvement in multiple business lines?

• It avoids technological integration

• It limits consumer choices

• It uses its online dominance to benefit other business areas

• It focuses only on retail