Preliminary Exam - ELECT 4

What does a business model in e-commerce primarily answer?

• Who are our competitors?

• Where do we operate?

• How do we make money?

• What is our target audience?

Which of the following is an example of a Retail Model?

• Alibaba

• Nike.com

• Costco

• Shopify

Which e-commerce model involves selling in bulk at lower prices to resellers?

• Retail

• Subscription

• Dropshipping

• Wholesale

Which model allows stores to sell without holding inventory?

• Marketplace

• Retail

• Dropshipping

• Wholesale

Netflix and Spotify follow which e-commerce business model?

• Retail

• Subscription

• Wholesale

• Marketplace

Lazada and Shopee are examples of what type of business model?

• Subscription

• Retail

• Wholesale

• Marketplace

What does a platform in e-commerce primarily answer?

• What products do we sell?

• Where and how do we operate?

• How much profit do we earn?

• Who are our customers?

Which platform is best for beginners who want a quick online store setup?

• WooCommerce

• eBay

• Shopify

• Custom-built site

WooCommerce is best suited for which type of user?

• Beginner

• Non-technical

• Users who want full control

• Sellers with no budget

Which factor is NOT part of choosing the right platform?

• Budget

• Scalability

• Target market

• Color of website