Internet Sales
What are internet sales?
Selling products online
What is a Letter of Credit?
A bank promise that the seller will get paid
A customer in Pennsylvania orders a book from Amazon and it ships from a U.S. warehouse to their home.
Internet
This breakfast food is made from eggs and often folded.
A Omelet
Does Mr. Marquard have any siblings?
Yes!
Debit card, Credit Card, Online Payment System (Venmo, Paypal, etc.)
Is a slight draft paid immediately?
Yes!
A U.S. clothing store places a bulk order from a manufacturer in China via email or contract (not through a website).
International
This is the largest country in the world by land area.
Russia
Does Mr. Marquard like the Pittsburgh sports teams?
Yes!
How often are internet sales recorded?
Daily
Is a time draft paid immediately?
Ordering groceries through Instacart from a local store and having them delivered to your house.
Internet
This U.S. state is known as the “Sunshine State.”
Florida
Does Mr. Marquard enjoy eating fish?
No!
This company, founded in 1994, is one of the largest online retailers in the world and initially only sold books.
Amazon
Are international sales riskier than internet sales?
Yes
Buying fast fashion from Shein and having it shipped from overseas.
Both
This desert is the largest hot desert in the world.
The Sahara Desert
Does Mr. Marquard like to go for runs?
No!
This payment company, once a subsidiary of eBay, revolutionized online shopping transactions.
PayPal
A letter of credit _______ risk for businesses
A) Reduces
B) Adds
Reduces
A coffee shop in the U.S. buys coffee beans from farmers in Brazil.
International
This sports city is the only city where three major sports teams (MLB, NHL, NFL)
Pittsburgh!
Does Mr. Marquard have a perm?
No! Alllllll Naturallllll