Amazon’s capital efficiency and how it is different from other offline (physical) retailers is encapsulated in one single statement in the letter - A billion-dollar sales rate with $30 million in inventory and $30 million in net plant and equipment!
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Customer-focused, not competitor focused
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Amazon’s capital efficiency and how it is different from other offline (physical) retailers is encapsulated in one single statement in the letter - A billion-dollar sales rate with $30 million in inventory and $30 million in net plant and equipment!