Performance: Product Ads Answers

Performance: Product Ads Answers

The Certification in Product Ads proves that you have the necessary knowledge to design, implement and optimize your Product Ads campaigns.

To get your diploma, you must answer at least 70% of the exam correctly. If you do not reach this percentage, you can retake the exam after 24 hours.

Before you start, keep the following in mind:

• You will have 45 minutes to answer 33 multiple-choice questions.
• Once you begin, time will start running and you will not be able to leave the exam.
• Make sure you are in a quiet environment with a good Internet connection.

Exam URL: https://academy.mercadoads.com/student/path/894818-certification-in-performance-product-ads?sid_i=0

 

 

Questions:

 

What is Product Ads bidding system?

• It is a way to prioritize ads based on the price of each listing and how much each seller is willing to pay to get their ads to rank higher on search results.
• It is a way to prioritize ads based solely on their quality to place them in the first and the second positions of search results.
• It is a way to prioritize ads based on their quality and how much each seller is willing to pay to get their ads to rank higher on search results and product pages.
• It is a way to prioritize ads based solely on how much each seller is willing to pay to get their ads to rank higher on search results.

 

What is the most advisable in a campaign to win the Product Ads bid?

• Improve the images and descriptions of the ad. This way, the ad has a better ad-score.
• Adjust the target ACOS according to your business strategy so that the system defines the best CPC (cost per click) automatically.
• Keep it on at all times, without pausing it for days or schedules.
• All of the above are correct.

 

What are the advantages of using Product Ads on catalog products? Select the 2 correct options. Select All Correct Responses

• It increases the daily budget.
• It increases the visibility of the publications.
• You can beat your competitors in the top positions in search results.
• Using Product Ads in catalog does not affect sales results.

 

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Why do we say that Product Ads pursues performance objectives?

• Because it is associated with concrete business results, i.e. increased sales.
• Because it increases the traffic of organic ads.
• None of the above are correct.

 

Which of the following statements is correct?

• Product Ads is Mercado Libre’s native solution to promote your products inside the platform, as well as on other sites outside Mercado Libre.
• Product Ads is an external performance solution to promote your Mercado Libre products on other platforms.
• Product Ads is the performance solution to enhance the visibility and sales of products inside Mercado Libre.

 

What is Product Ads’s primary benefit?

• Improvement of the seller’s reputation.
• Generation of brand awareness.
• Increase in sales.
• None of the above.

 

In which spaces are Product Ads ads shown?

Select All Correct Responses

• In reserved positions of the search results and on Mercado Libre product pages.

• Websites or landing pages outside Mercado Libre's site.
• Social networks.

 

What is the "Daily Budget" metric?

• It is the average amount of the monthly budget.
• It is the maximum amount of investment that you set in a campaign to consume per day.
• It is the average amount of the weekly budget.
• None of the above are correct.

 

Does it make sense for a seller with good organic positioning to invest in Product Ads?

• No, because they would be allocating their investment towards appearing in the positions that they already have without investing.
• No, because if they already appear in the organic results, the Product Ads budget would not be consumed, and the campaign would not run.
• Yes, because they could appear twice in the same results, increasing the chances of them getting a click instead of a competitor.
• Yes, because sellers who invest in Product Ads increase their reputation.

 

Two different users viewed and clicked on the same ad on the same day. One of the users bought the product 1 week later, while the other user bought it 6 weeks later. How many sales per ad will the platform attribute to said ad after those clicks?

• No sale.
• One sale.
• Two sales.
• Three sales.

 

What is the post-click conversion attribution window for Product Ads? i.e. how long after the ad click does the purchase have to be made for the sale to be attributed to an ad campaign?

• It is a 30-day period in which the platform will register that a sale has been made through the ads.
• It is a 7-day period in which the platform will register that a sale has been made through the ads.
• It is the average time between the first click of the users and the day on which the sale actually occurs.

 

Do the ads of Product Ads also appear in organic search results?

• No, because organic and paid results compete for the same positions, and, therefore, the same product cannot appear more than once in the same results.
• No. Although paid results have exclusive positions, the same product cannot appear more than once in the same results.
• Yes, because paid results have exclusive and additional positions. Therefore, they do not compete with organic ones, and the same product could be shown in both spaces, generating an increase in the CTR (click through rate).

 

What is a good method to improve the performance of Product Ads campaigns?

• Calculating unit product costs, choosing a campaign strategy, creating multiple campaigns with that strategy.
• Determining profitability levels, choosing a negative contribution margin, segmenting products.
• Determine profitability levels, segment products, create multiple campaigns, choose an appropriate strategy for each campaign.

 

Which is the main performance indicator for campaigns?

• CPS (cost per sale).
• ACOS (advertising cost of sales).
• CPC (cost per click).
• Revenue/day.
• Total revenue.

 

What would you recommend to a seller whose goal is to maximize the chances of exposure of a new product, even if that poses a risk to their profitability levels?

• Using a campaign with a growth strategy and defining a target ACOS between 15% and 30%.
• Using a campaign with a visibility strategy and defining a Target ACOS greater than 30%.
• Using a campaign with a profitability strategy and defining a Target ACOS of less than 15%.
• None is correct.

 

What coefficient links the cost of the campaign to the revenue earned?

• ACOS.
• Clicks/sales.
• Sales/clicks.
• None is correct.

 

Once it has been activated, how long do you have to wait if you want to pause a campaign?

• Once a campaign has been activated it cannot be paused.
• You must wait at least one conversion to pause the campaign.
• There is no minimum time to pause a campaign, you can pause it at any time, but we recommend waiting at least 30 days before pausing.

 

What does the percentage of impressions gained measure?

• This is the percentage that will tell you if your campaign's budget estimate is causing you to lose impressions.
• It is the percentage of impressions you have achieved out of the total impressions your campaign could have generated. This way you will be able to understand how effective your campaigns are in terms of visibility.
• It is the percentage that will help you identify whether you need to increase your campaign's target ACOS.

 

What should you take into account so that your ads generate impressions, that is, that they appear in search results or in product pages?

• Active campaign.
• Daily budget available in the event of a search.
• Yellow reputation or higher.
• Listing quality.
• All of the above are correct.

 

In the campaign manager, what do we call the metric that accounts for sales attributed to advertising?

• "Non-advertising sales", i.e. organic sales of products integrated with Product Ads campaigns.
• "Advertising revenue", i.e. the amount of money generated by advertising.
• "Advertising contribution", i.e. the percentage of sales in which a Product Ads ad was involved, either directly or assisted.
• None of the above are correct.

 

What is the “assisted sales” metric?

• These are the sales that were made thanks to the recommendations in product reviews.
• These are the sales that were made from the attribution window when users clicked on an ad and bought the product featured on that ad.
• These are the sales that were made from the attribution window when users clicked on an ad but then bought another product from the same seller.

 

What are competitive metrics?

• These are 3 proportional indicators that add up to 100% and measure the percentage of impressions that your campaigns are gaining or losing in order to improve their performance based on them.
• These are 3 indicators that show how many sales were generated by advertising.
• These are numerical values that show the performance of a campaign through the number of clicks obtained per ad.

 

Why is it convenient to increase the daily budget on special dates?

• In order not to lose sales opportunities, as there is greater intent to purchase.
• To take advantage of the lower CPC, since this cost tends to go down.
• To take advantage of the lower CPM, since this cost tends to go down.
• The question is incorrect: it is not necessary to increase the daily budget on special dates.

 

Which publications should be activated as ads within your Product Ads campaigns?

• The set in "stone" publications.
• New publications.
• The ones that have better organic performance.

 

Which of these practices are recommended to boost your sales?

Select All Correct Responses

• Always promote publications with a good level of organic sales with advertising.
• Increase the budget on special dates to have more visibility and potential sales.
• Review metrics frequently, at least once a week.
• All options are correct.

 

An advertiser invested $10,000 in a Product Ads campaign and generated a revenue of $100,000 in the same period. What is their ACOS?

• 7%.
• 10%.
• 35%.
• 500%.

 

Which of the following practices would be advisable during a special date, such as Mother's Day?

• Increase the budget in advance. This will enable you to take advantage of the higher volume of traffic that potential buyers will generate.

• Keep campaigns active without alterations.
• Increase the budget by a maximum of 5% 1 day before the special date.

 

A campaign is not getting the expected results: ad impressions are not increasing. Why is this happening?

Select All Correct Responses

• Lack of daily budget.
• Presence of publications without competitive prices, attractive titles, etc.
• A low target ACOS.
• All options are correct as it depends on multiple factors. Hence the recommendation to leave campaigns active for at least 30 days before analyzing results.

 

Imagine that you have a campaign whose objective is profitability, i.e. you are looking for the lowest possible advertising cost. For that you have defined a target ACOS of 5%. However, after 30 days, the ACOS of your campaign is close to 8%. What could you do to lower your ACOS?

• Decide if you need to group some ads in other campaigns with different strategies and objectives.
• Check that there are no products without competitive prices, attractive titles, etc.
• Check the results of each of the ads grouped in that campaign.
• Increase the daily budget if it is limited.
• All options are correct since it depends on multiple factors. Hence the recommendation to leave campaigns active for at least 30 days before analyzing results.

 

How often is it advisable to review the results of your campaigns?

• Once a day.
• Once a week.
• Once every two weeks.
• Once a month.

 

You have set a daily budget of $4,500 and during that day your campaign consumed $3,800. How much will the budget be for the next day?

• $4,500, because the budget is daily and does not accumulate on to the next day.
• $0, because the budget of the previous day did not exceed the total allocated.
• $700, because the remaining budget of each day becomes the budget of the next day.
• $5,200, because the remaining budget of each day is added to the budget of the next day.

 

What is Product Ads auction system?

• It is a way to prioritize ads based on the price of each listing and how much each seller is willing to pay to get their ads to rank higher on search results.
• It is a way to prioritize ads based solely on their quality to place them in the first and the second positions of search results.
• It is a way to prioritize ads based on their quality and how much each seller is willing to pay to get their ads to rank higher on search results and product pages.
• It is a way to prioritize ads based solely on how much each seller is willing to pay to get their ads to rank higher on search results.

 

What is the most advisable in a campaign to win the Product Ads auction?

Select All Correct Responses

• Improve the images and descriptions of the ads so that they have a better ad-score.
• Adjust the target ACOS according to your business strategy so that the system defines the best CPC (cost per click) automatically.
• Keep it on at all times, without pausing it for days or schedules.
• All of the above are correct.

 

What is the ad-score or quality of an ad?

• It is the only variable on the basis of which Product Ads prioritizes the ads that participate in a bid.
• It is a variable that indicates the relevance of the ad, taking into account its conversion history, product photographs, after-sales services, etc.
• It is a variable that indicates whether the products sold are quality products.
• It is a variable that Product Ads considers only for ad bids with higher competition.

 

What is the charging model for ads in the Product Ads bidding system?

• Each winner pays exactly the same as they were originally willing to pay.
• Each winner pays the minimum necessary to beat its closest competitor. That is, it will pay a lower actual CPC. This is known as the second best price mode.
• Each winner pays the maximum CPC he was willing to pay according to his or her target ACOS. That is, he or she will pay an actually higher CPC.

 

Does using Product Ads guarantee that your publication will win in the catalog?

• Yes, because by increasing its visibility it will win in the catalog.
• No, Product Ads does not influence whether or not you win in the catalog, although once won it will stimulate an increase in your visibility.
• No, it is not possible to promote catalog publications with Product Ads.