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Amazon started in 1994 as an online bookstore by Jeff Bezos in his garage. Over time, it expanded to sell a wide range of products like electronics, clothes, and household items.
Key factors contributing to Amazon's success include:
1. Customer Focus: Amazon prioritizes customer satisfaction by offering a vast selection, competitive prices, and fast delivery.
2. Innovation: Amazon introduced services like Amazon Prime for free shipping and streaming, Kindle for e-books, and Amazon Web Services (AWS) for cloud computing.
3. Efficient Operations: They built efficient warehouses and a reliable delivery network to fulfill orders quickly.
4. Diversification: Amazon diversified into different sectors like groceries (Whole Foods), entertainment (Amazon Studios), and smart devices (Amazon Echo).
Today, Amazon is one of the world's largest e-commerce and cloud computing companies, with a global presence and a strong focus on continuous innovation and customer experience.
(Image Credit: Internet)