In addition, Amazon added services and alliances to attract more customers and increase sales. In January 2002, Amazon.com declared its first-ever profit—for the 2001 fourth quarter; 2003 was the first year it cleared a profit in each quarter.
- Part II: Digital, Mobile and Social Commerce
- from Information Technology for Management: Advancing Sustainable, Profitable Business Growth, 9th edition
- Publisher: John Wiley & Sons
- Released: January 2013
In business, patience is never under valued. Most businesses crumble when the business is its incline but hasn't shown significant profits. Ex. of patience on a large scale is Amazon. It started it business method in 1995 and didn't show profit until 2002.
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