Arbitrage workshop quiz

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

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

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

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

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