Asked by
Olivia Dominguez
on Oct 08, 2024Verified
(Last Word) : Amazon's rise to become the world's largest online retailer was largely driven by:
A) an exclusive license granted by the U.S.government.
B) patents on online selling that keeps other firms out of the market.
C) far superior products than other online sellers could offer.
D) massive economies of scale in distribution logistics and data storage.
Amazon
Amazon is a global technology giant, primarily known for its e-commerce platform, but also involved in cloud computing, digital streaming, and artificial intelligence.
Economies of Scale
The cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost.
Distribution Logistics
This focuses on the process of planning, implementing, and controlling the efficient flow and storage of goods from the point of origin to the point of consumption to meet customer requirements.
- Comprehend the function of economies of scale and network effects in strengthening monopolistic dominance.
Verified Answer
SS
Learning Objectives
- Comprehend the function of economies of scale and network effects in strengthening monopolistic dominance.