Final answer:
Amazon revolutionized the book industry by shifting sales online, utilizing vast inventories in low-cost warehouses, and implementing economies of scale, which led to competitive pricing and dominance over traditional bookstores.
Step-by-step explanation:
The growth of Amazon.com in the book selling industry is a prominent example of how technological advancements and strategic business practices can revolutionize a market sector.
Amazon has shifted the book selling industry from traditional retail locations to online space by offering vast inventories, convenient purchasing, and prompt delivery by mail, driving many independent bookstores out of business.
Amazon's business model involves holding its inventories in large, computerized warehouses in low-rent locations, facilitating economies of scale, and allowing them to offer competitive prices. This approach, paired with the ease of online shopping and the decline of physical bookstores like Borders and Barnes & Noble, has allowed Amazon to dominate the industry and effectively crush its competition.