It's Harder for Third Parties to Profit on Amazon, Avenue7Media CEO Says

It's Harder for Third Parties to Profit on Amazon, Avenue7Media CEO Says

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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Quizizz Content

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The video discusses the evolution of selling on Amazon, highlighting the challenges and opportunities for third-party sellers. It emphasizes the importance of a customer-centric approach and the necessity for small businesses to be on Amazon to capture market share. The video also addresses the difficulties sellers face due to Amazon's competitive practices and suggests solutions like data sharing to level the playing field.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes have occurred in the Amazon marketplace for third-party sellers over the years?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the initial reaction of the speaker when Amazon contacted them to sell basketball hoops?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How has Amazon's approach to customer service impacted sellers according to the speaker?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the frustrations that sellers face on the Amazon platform today?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the competition between Amazon and third-party sellers?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest as a potential solution for third-party sellers on Amazon?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of data sharing between Amazon and its third-party sellers according to the speaker?

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