Beacon eCommerce Mid Test

What does "eCommerce" stand for?

• Electronic Commercialization

• Electronic Commerce

• Enterprise Commerce

• Efficient Commerce

What is "Dropshipping"?

• Wholesaler selling to businesses directly

• Resellers selling their own products

• Resellers selling someone else's product

• Suppliers selling products directly to customers

What is Shopify?

• Marketplace for wholesalers

• A Site Creation tool for stores

• Dropshipping Supplier

• A social media platform for resellers

What is a payment gateway used for in eCommerce?

• Marketing products

• Securing websites

• Processing payments

• Managing inventory

What is the primary goal of product hunting in eCommerce?

• To find suppliers

• To analyze competitors

• To identify products with high selling potential

• To create ad creatives

Which of the following is NOT a good indicator of a "winning product"?

• High engagement on social media ads

• A lot of competition with low differentiation

• Solves a specific problem

• Unique or hard to find in local markets

You find a product that costs 400rs, and shipping is 200rs. You sell it for 1500rs and spend 300rs on ads per sale. What's your profit?

• 600rs

• 900rs

• 800rs

• 1200rs

Which of these is a benefit of dropshipping?

• You need a big warehouse

• You control the packaging fully

• You don't need to own inventory

• You can only sell locally

What is a private label product?

• A product made by the same company and sold

• A product made by another company but sold under your own brand

• A product you resell without changing anything

• A product sold only to friends and family

Which business model is best for beginners with a low budget?

• Private label

• Retail store

• Dropshipping

• Manufacturing your own products