E-commerce Vocabulary Challenge

What is e-commerce?

• E-commerce is the buying and selling of goods and services over the internet.

• E-commerce is the exchange of physical currency for goods.

• E-commerce refers to in-person shopping at retail stores.

• E-commerce is a type of social media platform.

Define B2B in the context of e-commerce.

• B2B in e-commerce is the exchange of goods or services between businesses.

• B2B refers to transactions between consumers and businesses.

• B2B is the sale of products directly to end-users.

• B2B involves the exchange of services between individuals.

What does the term 'shopping cart' refer to?

• A virtual or physical container for collecting items to purchase.

• A type of discount coupon.

• A feature for customer reviews.

• A method of tracking online orders.

Explain the concept of dropshipping.

• Dropshipping is a retail fulfillment method where the seller doesn't keep products in stock but instead purchases them from a third party to ship directly to the customer.

• Dropshipping requires the seller to handle all shipping and returns personally.

• Dropshipping is a method where products are manufactured on demand by the seller.

• Dropshipping involves holding inventory in a warehouse before selling.

What is a payment gateway?

• A payment gateway is a service that processes credit card payments for online and brick-and-mortar stores.

• A payment gateway is a physical store location.

• A payment gateway is a software for managing inventory.

• A payment gateway is a type of bank account.

Define the term 'conversion rate'.

• The conversion rate is the average time spent on a website.

• The conversion rate measures the speed of website loading.

• The conversion rate is the total number of visitors to a website.

• The conversion rate is the percentage of visitors who complete a desired action on a website.

What does SEO stand for in e-commerce?

• Search Engine Optimization

• Search Engine Optimization Techniques

• Search Engine Outreach

• Search Engine Operation

What is the purpose of a product listing?

• To provide detailed technical specifications of a product.

• To serve as a storage space for product images.

• To inform and attract potential customers to purchase a product.

• To list the product's manufacturing history.

Explain the term 'affiliate marketing'.

• Affiliate marketing is a method of direct selling through retail stores.

• Affiliate marketing is a performance-based marketing strategy where affiliates earn commissions for promoting products and driving sales.

• Affiliate marketing is a type of social media advertising.

• Affiliate marketing involves paying influencers for brand awareness.

What does 'customer retention' mean?

• Increasing prices for existing customers

• Focusing solely on acquiring new customers

• Offering one-time discounts to all customers

• Customer retention means keeping existing customers engaged and satisfied to encourage repeat business.