After Jeff Bezos read about how the Internet was growing by 2,000 percent a month,he set out to use the Internet as a new distribution channel and founded Amazon,which is now the world's largest online retailer.This is clearly an example of a(n)
A) firm that uses closed innovation.
B) entrepreneur who commercialized invention into an innovation.
C) business that entered the industry during its maturity stage.
D) exception to the long tail business model.

Question

Quizplus · Accepted Answer

The creation of Amazon by Jeff Bezos is clearly an example of an entrepreneur who transformed an invention into an innovation. Entrepreneurs innovate by commercializing ideas and inventions. They seek out or create new business opportunities and then assemble the resources necessary to exploit them.

After Jeff Bezos Read About How the Internet Was Growing