
Arbitrage workshop quiz
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Business
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Professional Development
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jeethanjra jeethanjra
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of retail arbitrage?
Buying products at a discount and reselling them at a higher price
Manufacturing unique products and selling them directly
Importing goods from other countries and selling them online
Opening a physical store to compete with retail giants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following tools would be most useful for a retail arbitrage seller like John?
A physical storefront for local customers
A manufacturing plant to produce goods
A barcode scanner app to compare in-store and online prices
A personal website for blogging about retail trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the major challenges faced by retail arbitrage sellers?
Lack of discounted products in retail stores
Price fluctuations and competition from other sellers
The requirement to manufacture their own products
Government regulations banning online sales
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Amazon's FBA service help John’s business?
It allows him to sell on Amazon without an online store
It provides marketing tools to create his own brand
It handles storage, packing, and shipping for his products
It offers free products for reselling
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy can John use to sustain and grow his retail arbitrage business?
Ignore competition and focus only on local sourcing
Reinvent his business model by becoming a wholesaler
Continuously research trends, optimize pricing, and reinvest profits
Avoid using online platforms and sell only through social media
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