Which of the following statements regarding Amazon.com is False? A) The company was opened by Jeff Bezos in 1995. B) The company was founded as, and still is, a "virtual retailer" with no inventory. C) The company is now a world-class leader in warehouse management and automation. D) The company uses both United Parcel Service and the U.S. Postal Service as shippers. E) Amazon obtains its competitive advantage through inventory management.

Question

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Amazon was not founded as a "virtual retailer" with no inventory. Initially, it started as an online bookstore that held inventory, and over time, it expanded its business model to include direct shipping from suppliers and third-party sellers, but it also maintains significant inventory in its vast network of warehouses around the world.

Which of the Following Statements Regarding Amazon