Question: Why does Amazon need to worry about competitors in online shopping? The Internet enables the creation and sale of smart products. Internet technologies are universal,

Why does Amazon need to worry about competitors in online shopping?
The Internet enables the creation and sale of smart products.
Internet technologies are universal, and therefore usable by all companies.
E-commerce is affected by the law of diminishing returns.
Internet shopping can take place 24/7 in any location.
The Internet increases switching costs.
Why does Amazon need to worry about competitors in online shopping?

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