Tracking Down Counterfeit Goods On Amazon

The video discusses the prevalence of third party sellers on Amazon and their role in the rise of counterfeit goods. It explains the structure of Amazon's marketplace, highlighting the significant portion of sales from third party sellers. The video also addresses the challenges in preventing counterfeit sales due to low barriers to entry for sellers. Efforts by Amazon to combat counterfeit goods are mentioned, along with legislative initiatives like the Informed Consumers Act aimed at increasing transparency and accountability for online marketplaces.

What is one reason for the increase in counterfeit goods sales in the US?

• Strict regulations on third-party sellers

• The rise of online shopping

• Decrease in consumer demand

• Limited product availability

Which of the following is NOT a purchase category on Amazon?

• Items sold and shipped by third-party sellers

• Products sold and shipped by Amazon's competitors

• Items sold by third-party businesses to Amazon

• Goods sold and shipped by Amazon

What percentage of sales on Amazon Marketplace were accounted for by third-party businesses in 2020?

• 45%

• 30%

• 60%

• 75%

What challenge does Amazon face in removing counterfeit goods?

• Counterfeit listings reappearing under different names

• Lack of consumer interest

• Insufficient warehouse space

• High cost of removal

What is the main goal of the Informed Consumers Act?

• To increase the number of third-party sellers

• To provide more transparent data on third-party sellers

• To reduce the number of products available online

• To ban all third-party sellers