Ecommerce Quiz: How Well Do You Know E-Commerce Basics?
Think you can ace this e-commerce fundamentals quiz? Dive in!
This ecommerce quiz helps you check your e‑commerce fundamentals - store setup, payment options, and customer retention. Spend about five minutes to spot gaps and pick up a few tips you can use today; no cost and no signup. Begin with the quick e‑commerce check, then sharpen skills with the marketing fundamentals quiz .
Study Outcomes
- Understand e-commerce fundamentals -
Gain a clear grasp of essential e-commerce concepts, including terminology, business models, and the role of online marketplaces in modern retail.
- Identify development stages -
Recognize the key phases of an e-commerce project - from planning and platform selection to launch and growth - so you know what to anticipate at each step.
- Differentiate platform and payment models -
Learn to distinguish among various e-commerce platforms (hosted vs. self-hosted) and payment solutions, enabling informed decisions for your online store.
- Analyze advantages and challenges -
Assess the pros and cons of running an online business, including cost benefits, scalability, security concerns, and potential obstacles.
- Apply best practices -
Use quiz insights to implement proven strategies for improving user experience, boosting conversions, and optimizing your e-commerce operations.
- Evaluate your proficiency -
Measure your understanding of e-commerce fundamentals with targeted questions, helping you identify strengths and areas for further learning.
Cheat Sheet
- E-commerce Business Models -
Understand the four primary models - B2C, B2B, C2C, and C2B - as defined by sources like the University of Minnesota's Carlson School of Management. Remember the mnemonic "BBCC" (Business-to-Business, Business-to-Consumer, Consumer-to-Consumer, Consumer-to-Business) to quickly recall each type. For example, Amazon is a classic B2C platform whereas Alibaba's business model spans both B2B and B2C.
- Key Stages of E-commerce Development -
Familiarize yourself with the five-phase e-commerce lifecycle from MIT's Sloan School: planning, system design, content creation, testing & security, and launch & operation. A simple SDLC formula - Scope + Design + Develop + Review + Deploy - can help you remember the workflow. Testing often includes SSL configuration checks and simulated checkout flows to ensure PCI compliance.
- Payment Models and Gateway Selection -
Differentiate between payment models (one-time purchase, subscription, freemium) and compare top gateways like Stripe, PayPal, and Authorize.Net, as reviewed by Harvard Business Review. Use the revenue formula Revenue = Number of Transactions × Average Order Value to estimate your cash flow. Quick tip: match a low-fee gateway to high-volume, low-ticket sales to maximize margins.
- Advantages vs. Disadvantages of Online Selling -
Review pros - global reach, 24/7 availability, lower overhead - and cons - security risks, lack of tactile experience - cited in a Forrester Research report. Use the acronym "GLCS" (Global reach, Lower cost, Convenience, Scalability) to recall benefits. Mitigate drawbacks by implementing two-factor authentication and high-resolution product videos.
- Hosted vs. Self-Hosted Platforms -
Compare Shopify (hosted) and WooCommerce (self-hosted) on metrics like setup cost, customization, and maintenance, as outlined in Oxford's Internet Institute studies. A cost - flexibility matrix (Cost ↑ vs. Control ↑) helps you match platform choice to business goals. For instance, small startups often pick hosted solutions for quick deployment, while tech-savvy stores opt for self-hosting to tailor every feature.