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During sales e-commerce consultants reported that high numbers of consumers took advantage of sales and coupons. In turn, they recommended "multiply the MSRP" and have a 50% off sale to appeal to consumers. A drinks vendor was reportedly told to hike prices by 5x.
Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
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