Exam 2 Flashcards
Operating income
income you generate through your operations. Sales through daily business operations minus related expenses
True or False: Amazon has more sales than Walmart
False
What is Amazons three pillars?
- large selection
- customer experience
- lower prices
How large are Amazon’s warehouses?
quarter of a mile in length
Where did the Amazon robots originally come from?
Kiva Systems, a Massachusetts based firm
What is random stowing and how it relates to Amazon
When no two similar products sit next to each other. This allows for employees to not mix up and confuse products
What does SLAM stand for?
scan, label, apply, manifest
What robotics firms has Amazon purchased?
- Kiva
- Zoox
- Canvas Technology
- Dispatch
True or False: Amazon is giving more jobs to robots rather than people
False
Account payable
Money owed for products and services purchased on a credit
Cash conversion cycle
period between distributing cash and collecting funds associated with a given operation
Liquidity problems
problems that arise when organizations cannot easily convert assets to cash
Explain Amazon’s cash conversion cycle
it is typically negative because is sells goods and collects money from customers weeks before it has to pay its suppliers
Amazon wants to keep inventory turns _____ and pay suppliers ______
high; later
Deep learning
a type of machine learning that uses multiple layers of interconnections among data to identify patterns and improve predicted results
Dynamic pricing
pricing that shifts over time
A/B test
a randomized group of experiments used to collect data and compare performance among two options studied
Cookie
a line of identifying text, assigned and retrieved by a given web server and stored by your browser
Collaborative filtering
a classification of software that monitors trends among customers and uses this data to personalize an individual customer’s experience
Affiliate marketing program
marketing practice where a firm rewards partners who bring in new business, often with a percentage of any resulting sales
Flash sales
offering deep discounts of a limited quantity of inventory
Fulfillment costs
include receiving snd packaging costs, in addition to shipping costs
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