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Amazon Quiz
Amazon Quiz
20 terms
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This quiz serves as your review for Amazon 101. Good luck and enjoy! :)
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
You’ll take online orders for a product on behalf of a supplier. The supplier fulfills and ships the orders to customers
Private Label
Online Arbitrage
Dropshipping
Wholesale
2
These costs are incurred if you decide to store your products in Amazon’s warehouses, also known as fulfillment centers.
Referral Fee
Long-Term Storage Fee
Fulfillment Fee
Storage Fee:
3
You should use FBM if:
The products you sell are oversized or heavy
You do not have logistics in place
The products you sell are small and lightweight
Your inventory turns over quickly
4
You purchase products from other online marketplaces and resell them online.
Retail Arbitrage
Private Label
Online Arbitrage
Wholesale
5
By storing your inventory at Amazon’s warehouses, they’ll handle fulfillment for your brand across select channels.
FBM
MCF
FBA
SFP
6
Amazon charges you every time you sell a product. It is a percentage of the total sales price and is usually 15%.
Selling Plan
Referral Fee
Storage Fee
Fulfillment Fee
7
The white box on the right side of the Amazon product detail page, where customers can add items to their cart.
Buy Box
A+ Content
Storefront
Add to Cart
8
The fees you pay Amazon for having it fulfill your order. This covers picking, packing, shipping, and providing CS
Fulfillment Fee
Long-Term Storage Fee
Referral Fee
Storage Fee
9
You should use FBA if:
Your inventory turns over slowly
You want more control over your customers
The products you sell are oversized or heavy
The products you sell are small and lightweight
10
is when the seller is in control of his entire handling and shipping process.
FBA
MCF
FBM
SFP
11
You’ll purchase inexpensive or discounted products from a brick-and-mortar retail store, then resell them online.
Dropshipping
Online Arbitrage
Retail Arbitrage
Private Label
12
is a service provided by Amazon that provides storage, packaging, customer service, and shipping assistance to sellers.
SFP
MCF
FBM
FBA
13
What do you see in the picture?
Amazon Marketplace
Amazon Main Office
Amazon Fulfillment Center
Amazon Headquarters
14
A fulfillment method that allows qualified Amazon sellers to display the Amazon Prime badge on orders fulfilled by 3PLs
FBA
SFP
FBM
MCF
15
You’ll sell your hand-crafted wares on handmade-friendly platforms like Etsy and eBay.
Private Label
Handmade
Wholesale
Retail Arbitrage
16
are the selling terms that the buyer and seller of goods both agree to during international transactions.
Global Trade Item Number
Incoterms
Universal Product Code
Amazon Bar Codes
17
You purchase brand-name products in bulk from a manufacturer and resell them online as individual units to customers
Online Arbitrage
Wholesale
Private Label
Handmade
18
When the inventory is in the fulfillment center for more than 365 days, Amazon charges a monthly fee of what?
Long-Term Storage Fee
Referral Fee
Fulfillment Fee
Storage Fees:
19
You rebrand a product already in production under your own label. It’s the most popular and profitable business model.
Retail Arbitrage
Private Label
Dropshipping
Private Label
20
You should opt for a Professional Selling plan if you want to sell more than 40 products per month.
True
False