Oct 22, 2018

Question of the Day: Amazon is called the "Everything Store." How many products do they carry?

Answer: 562 million!

Questions:

  • With so many items in their "store," do you find it easy or difficult to find what you are looking for on their website? 
  • What can Amazon do that a traditional brick and mortar store cannot do? 
  • A typical Costco store only carries about 4,000 items and is succeeding based on consumer demand. How do you think they can compete against a company like Amazon? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. 

Top 5 categories:

Behind the numbers (ScrapeHero)

The category Clothing, Shoes, and Jewelry have the highest number of products -166.28M products! Amazon’s apparel business has been booming the past year. It’s predicted that Amazon will soon end up with net apparel sales of 62 billion in 2021.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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