How does Amazon illustrate the sources of service sector growth?

Answers

Answer 1
Answer:

Answer:

The service sector grows because of the same reason that any other economy sector grows: the demand for it increases.

Explanation:

Demand increases because new services are created, or existing ones obtain more customers: a larger market share.

In the case of Amazon, the service it offers is deliveries, but Amazon took deliveries to its logical conclusion, becoming an online store that essentially sells everything, from books to car accessories, to fruits and vegetables.

Amazon has become a giant company because it exploited a existing market that had a lot of untapped potential, and customers at the same time responded by demanding even more of these services. In other words, Amazon and the customers formed a virtous cycle that feeds economic growth.


Related Questions

Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
Presented below is the trial balance of Novak Corporation at December 31, 2020. Debit Credit Cash $ 198,550 Sales $ 8,101,220 Debt Investments (trading) (at cost, $145,000) 154,220 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 300,550 Equity Investments (long-term) 278,550 Notes Payable (short-term) 91,220 Accounts Payable 456,220 Selling Expenses 2,001,220 Investment Revenue 64,400 Land 261,220 Buildings 1,041,550 Dividends Payable 137,550 Accrued Liabilities 97,220 Accounts Receivable 436,220 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 26,220 Administrative Expenses 901,400 Interest Expense 212,400 Inventory 598,550 Gain 81,400 Notes Payable (long-term) 901,550 Equipment 601,220 Bonds Payable 1,001,550 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,001,220 Treasury Stock 192,220 Patents 195,000 Retained Earnings 79,550 Paid-in Capital in Excess of Par 81,550 Totals $12,332,870 $12,332,870 Prepare a balance sheet at December 31, 2020, for Novak Corporation. (Ignore income taxes)
Franklin, Inc., has an inventory turnover of 18.9 times, a payables turnover of 11.2 times, and a receivables turnover of 9.7 times. What is the company's cash cycle
5) If in the market for apples the supply has decreased, then A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) the supply curve for apples has shifted to the left. D) there has been a movement downwards along the supply curve for apples.
Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total current assets of $79,000, and total current liabilities of $27,650. The company reported annual sales of $200,000 in the most recent annual report. Over the past year, how often did Walker Telecommunications sell and replace its inventory? a) 9.28x b) 8.01x c) 8.44x d) 2.86x

M Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 380,000 Annual cash flow $ 133,000 per year Expected life of the project 4 years Discount rate 13 % Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:

Answers

Answer:

NPV = $262,604.7

Explanation:

The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.

NPV of an investment:

NPV = PV of Cash inflows - PV of cash outflow

PV of annuity= 1 -(1+r)^(-n)/r × Annual cash flow

r- discount rate, n- number of years

PV of cashinflow = 133,000 × (1- 1.13^(-4))/0.13 =395,604.6863

NPV  =  395,604.6863  - 133,000= 262,604.7

NPV = $262,604.7

As a contemporary manager, your employees will be motivated to provide you with important feedback if:A. you provide closed-end surveys on a monthly basis.
B. you prepare daily, company-wide passive voicemail messages.
C you institute a respectful rank and file politeness plan, where middle and higherlevel managers are addressed as "Mr.", "Ms", or "Dr.".
D. you solicit open-ended responses from your employees.

Answers

Answer:D

D, is the is the answer.

ank states that its decision to offer home loans at an extremely low initial, but variable, rate is rooted in the idea that all have a right to owning an affordable home. The bank does not state that the loans are packaged in a product sold to another, larger bank that may or may not work with customers in difficult situations. The smaller bank is no longer exposed to the risk of longer-term loans, and makes a large profit. Which moral theory is the bank operating under?

Answers

Answer: Ethical Egoism

Explanation:

The theory of Ethical Egoism posits that people or entities are well within their rights to act in a manner that benefits their best interest and in so doing are being good in their own right.

The small bank acted in such a manner that it left itself unexposed to risk whilst still making quite a huge profit. The small bank pursued its own interests and so followed the moral theory of Ethical Egoism.

Final answer:

The bank is operating under the moral theory of Moral Egoism. It acts in its own best interest by making large profits off the home loans and offloading the long-term risk.

Explanation:

The bank's actions seem to align with the Moral Egoism theory. This theory suggests that an entity, in this case, the bank, acts in its own best interest. Offering home loans at extremely low initial rates turns in large profit for the bank, which is its main interest. However, offloading the risk of these loans onto another bank marks the bank's primary focus on their well-being rather than the consequences for their customers in the long run. These customers may struggle if the larger bank they deal with lacks flexibility in difficult situations.

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Matt and Claire go into an interview for the same position and they get asked very different questions depending on how the interview is going. This type of interview is called:_____.

Answers

Matt and Claire go into an interview for the same position.This type of interview is called Unstructured interview.

What is the term Unstructured Interview about?

Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.

On the other structured interview is when questions are prearranged and candidates are asked the same questions.

Learn more about Unstructured Interview, refer to the link:

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Answer:

Unstructured interview

Explanation:

Unstructured interview is defined as one in which the questions asked are not prearranged. Rather they are spontaneous and questions to be asked are formulated during the course of the interview.

On the other structured interview is when questions are prearranged and candidates are asked the same questions.

So when Matt and Claire go into an interview for the same position and they get asked very different questions depending on how the interview is going, they are answering unstructured interview questions.

Goodwill messages include messages of thanks, recognition, and sympathy. Taking the time to write these messages gives importance to well-wishing. Which of the following are characteristics of effective goodwill messages? Check all that apply.

(A) Specific
(B) Sentimental
(C) Short
(D) Serendipitous
(E) Spontaneous

Answers

The characteristics of an effective goodwill messages includes the element of specific, spontaneous and short.

What is an effective goodwill messages?

These are kind of messages that are used in the workplace to show a sense of kindness and friendliness.

Hence, its characteristics includes the element of specific, spontaneous and short.

Therefore, the Option A, C and E is correct.

Read more about effective goodwill messages

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Final answer:

Effective goodwill messages should be specific, sentimental, and short, clearly and efficiently communicating the writer's emotions and intentions.

Explanation:

The characteristics of effective goodwill messages include being specific, sentimental, and short. (A) A specific message refers to one that is detailed and direct. Instead of generic phrases, it's more effective to provide exact reasons for your gratitude or sympathy. (B) Sentimental, in this context, means that the message should touch upon emotions and feelings. It's important to create a genuine and heartfelt tone to the message. (C) Keeping the message short and to the point is often appreciated as it respects the recipient's time while effectively communicating your thoughts and feelings.

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Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 2100​ units Units transferred in 16,300​ units Work in process ending inventory, June 30 4100​ unitsBeginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.
How many units were completed in June?The equivalent units for materials under the weighted-average method are calculated to be?

Answers

Answer:

a) 14,300 units

b)

  Materials:  18,400

Conversion: 16,350

Explanation:

physical count of units:

beginning             2,100

transferred-in     16,300

ending                 (4,100)  

transferred-out   14,300

equialent units for w/a:

transferred-out + percentage of completion ending WIP

Materials: 14,300 + 4,100 x 100% = 18,400

Conversion: 14,300 + 4,100 x 50%  =  16,350

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