The Product/website: Amazon.com

 

 

What good and/or service does the organization offer?
What consumer need does the product solve?
What promotional mix, channels of distribution, and pricing strategies are being used by the organization?
What competitive advantage does the marketing strategy offer?

Sample Solution

Amazon is the largest retailer on the web. Amazon (Amazon.com) is the largest internet-based retailer in the world by total sales and market capitalization. Amazon product lines include (books, DVDs, music CDs, videotapes, and software), apparel, baby products, consumer electronics, beauty products, gourmet food, groceries, health and personal-care items, industrial and scientific supplies, kitchen supplies, lawn and garden items, and jewelry and watches among others. Amazon stands for low prices and fast, free shipping across the broadest selection of products. These promises are a big reason customers continue to come back to the store to purchase the goods they need.

ultimately see that ‘repentance’ due from the exhaustion of natural resources will be needed through changes in cultivation or transformation of the production of plants. While economists may argue that ‘nudge’, as a concept in behavioural economics, can positively reinforce and indirectly suggest behaviours within groups or individuals through positive advertising, Artificial Intelligence can, feasibly, act as a potentially effective system that analyses data concerning agriculture to provide valuable outputs, for example – ‘precision farming’. Using Machine Learning algorithms – an aspect of Artificial Intelligence, the technology can be used to collect both real-time and historical data to make specific decisions concerning the area or type of farming. The provision of such technologies will increase the total yield of crops, improving the general standard living conditions to allow humans to look towards becoming productive relative to conceiving at a higher rate. Detailed research conducted in Bangladesh, Indonesia and Nigeria has also suggested that degenerating living conditions increase the likelihood of reproduction rather than decreasing it. As aforementioned, a deep study in AI can also reinforce and control overpopulation by determining areas for improvement using sustainable technology such that the productivity and GDP growth will increase without compromising the total employment rate in the area, providing local economies with a circular flow of money to better their well-being. Therefore, Artificial Intelligence can perhaps be a substitute to the current analysis technologies by providing one that has much more profound, yet subtle impact to use as a guide for solutions – it enlightens what changes can be made to the daily lives in an economy, on both individual and market perspectives.

The recent 2019-nCoV epidemic is an example of how insufficient supply and demand can lead to a stagnant shortage in an economy, or in such cases – economies, as both local and multinational firms are unable to keep up with the increase in demand for sanitation products. At the standard supply and demand graph, prior to the spread of the virus, the general equilibrium theory explains how consumers interact with the sanitation market, ceteris paribus. However, with the increase in media attention on the infestation, the increase in shortage has, according to the law of supply and demand, cause prices to shoot up at a high rate, inevitably, lower-income families are unable to purchase them for their personal well-being, lea

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