Online Business Quiz

What is an online business?

• A business that only sells digital products

• A business that operates in physical stores

• A business that operates primarily over the internet

• A business that has no customer interaction

Which of the following is a reason to start an online business?

• Wider market access

• Limited market reach

• Higher operational costs

• Less customer engagement

Which platform is mentioned as a real-world example of an online business?

• eBay

• Amazon

• Walmart

• Target

What is a niche in the context of online business?

• A type of product

• A specific market segment for a particular customer group

• A marketing strategy

• A broad market segment

Which of the following is NOT an example of a profitable niche?

• Health & Wellness

• Digital Products

• Subscription Services

• Real Estate

What is the first step in setting up an online business?

• Registering your business

• Identifying your business idea and target market

• Choosing an e-commerce platform

• Building your online store

Which tool is NOT mentioned for conducting market research?

• LinkedIn Analytics

• Google Trends

• SEMrush

• Facebook Audience Insights

What is the purpose of business registration?

• To set up a website

• To obtain business permits and tax identification

• To hire employees

• To create a business name

Which of the following is a website essential for an online store?

• Cash-only payment options

• In-person customer service

• High-quality images

• Physical store location

What is a key component of effective marketing strategies?

• Ignoring customer feedback

• Focusing solely on product quality

• Attracting and retaining customers

• Minimizing online presence