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Business

Amazon Shareholder Letter, 2002

2 ideas

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  1. Customer experience priced like publishing

    “With customer experience costs largely fixed (more like a publishing model than a retailing model), our costs as a percentage of sales can shrink rapidly as we grow our business.”

  2. Low prices everyday, not limited discounts

    “Our pricing objective is not to discount a small number of products for a limited period of time, but to offer low prices everyday and apply them broadly across our entire product range.”

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