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RSM100 - Amazon Questions & answers
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RSM100 - Amazon Questions & answers
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RSM100 - AmazonKey success factors - ANS-○ Customer centric company
○ Efficiency
○ Employees help the robots
Cheetah and Gazelle - ANS-○ Prey on the weaker Gazelles and breed dependency
○ Start with the weakest, smallest businesses and then change terms after dependency
Strategic decisions - ANS-○ Long term profits > short term profits and taking a loss
initially to build market share
○ Starting with a book business
○ Investing in other industries
○ Cross subsidization from AWS
○ Partnering with police services and Ring
○ Return policy
big data
○ One step ahead
Data Analytics - ANS-○ Dynamic pricing
§ Based off of demographic, location
○ Predictions / suggestions
○ Tracking employee movement
Anti - ANS-Trust -
○ Competition Act
○ Before => breaking up big companies
○ Now => low prices
Are they using predatory pricing? - ANS-○ Yes, low prices that put companies out of
business
○ Cross subsidization proves it
○ Algorithm is constantly price gouging
§ Change their prices 2.5 million times per day
Should Canada also charge an antitrust lawsuit like the EU did? - ANS-○ Has made
things easier during COVID for companies to start up
○ Amazon Basics, will take awake your business if there's a lot of demand
○ Hidden fees that vendors aren't aware of
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