Question

**This is for an economic analysis of the company Amazon** What is the relevant cost structure...

**This is for an economic analysis of the company Amazon**

What is the relevant cost structure for the company Amazon?  

How does Amazon avoid the sunk-cost fallacy and hidden-cost fallacy?

What labor market skill sets are needed for Amazon and are there readily available workers to hire?

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Answer #1

Amazon works on a system that only make benefit to them economically. Amazon cost structure include customer service centers and software development centers across the world. Shipping costs are large for amazon.But amzon have customer prefferable cost for each things.

Sunk-cost fallacy avoided by making a perfect decision. First define decision and make that practical. Ather method is keep track for investment and avoid losses. Hidden-cost fallacy avoided by making unique desicion.

To hire amazon workers need more skills. Their hire people with more technical skills.Amazon give training for workers before starting job. They select emplyees with more marketting skilss. Employees must have capability in sales.

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