Question

1. The unit mentions Amazon as an online retailer that found success in the early days of Internet sales. While there is not much background provided, what can you infer about Amazon based on the fact that it succeeded while Pets, a very similar business, collapsed in the same era

Answer 1

Amazon had prepartions in set in case of any potential collapse to the company in the future.

Step-by-step explanation:

They were ahead of the curve when compared to Pets.com, by consisting of retailers from all over the world. This feature allowed Amazon to provide and fullfill any need or item of a consumer.

Answer 2

Amazon succeeded in the early days of the internet because it found a niche that had a demand for a specific product: books, and made sure to provide a new service: online book selling, as efficiently as possible, taking into account aspects that customers value highly like delivery time, customer assistance, and variety of titles.

Amazon put these principles in practice, and with time, it became larger and larger. Nowadays, Amazon is the largest online retailer in the world, and sells not only books, but practically everything, from food, to technological gadgets, to even cars.