Consumer Impact
A lack of competition allows companies to do what with their prices
What is raise prices
Amazon bought this company in 2009 making it a leader in the audiobook industry
What is Audible
Shops are required to sell at either the same or higher prices on competing platforms
What is Best Price Clause
The percent of online sales in the United States that Amazon accounts for
what is ~40%
The first type of products Amazon sold
What is online books
The impact on the consumer of Amazon favoring their own products
What is poorer product quality and selection
Amazon entered the grocery business by acquiring this supermarket chain in 2017
What is Whole Foods Market
the pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What is Predatory Pricing
The company with the largest share of the e-commerce market after Amazon
What is Walmart
The item Amazon used to use to signal they sold a product
What is a bell
The Amazon partner which had to increase prices for consumers to make up for lost profits from their Amazon partnership
What is UPS
The online shoe and clothing retailer which was purchased by Amazon in 2017
What is Zappos
Giving preferential treatment to certain products
What is Biased Search Results
The average percent increase of the Prime membership
What is ~20%
The AI that Amazon recently invested in which is a competitor to ChatGPT (OpenAI)
What is Claude (Anthropic)
This negative effect occurs when Amazon hinders current rivals and blocks new competitors from entering the market
What is lack of innovation
Amazon’s cloud computing arm that provides servers, storage and other services
What is AWS
the ability of customers to influence the prices of the products and services they buy, and suppliers to set the prices they charge for what they sell.
What is Bargaining Power
The Percent of total products sold on Amazon that are Amazon brands, and the percent of featured spots that these brands make up?
What is 5% of all products and 20% of top spots
The store where Amazon would hold their first meetings
What is Barnes and Noble