1) Amazon’s fast shipping has no effect on other retailers. a) True b) False 2) Which of the following is a way Amazon has influenced consumer expectations? a) Consumers now expect same-day or two-day delivery for many products b) Consumers are willing to wait longer for lower prices c) Consumers prefer only in-store shopping d) Consumers have stopped buying online altogether 3) Increased demand for fast shipping shows that consumers value convenience. a) True b) False 4) How have competitors like Walmart and Target responded to Amazon’s fast shipping? a) They reduced store hours b) They improved their own shipping speed and delivery options c) They stopped online sales d) They eliminated all discounts 5) Which economic concept explains why retailers must offer faster shipping to meet consumer expectations? a) Scarcity b) Supply and Demand c) Opportunity Cost d) Market Economy

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