L8 building EC website

What is the visioning process in building an e-commerce website?

• Setting short-term goals and aspirations

• Defining a clear and inspiring picture of what the project aims to achieve in the future

• Identifying the target audience and market structure

• Creating a strategic analysis and marketing matrix

Which of the following is a basic revenue model for e-commerce businesses?

• Social media engagement

• Donation-based revenue

• Product giveaways

• Subscription fees

How can the target audience for an e-commerce site be described?

• By the number of employees in the target market

• By the digital usage patterns of the target audience

• By the geographical location of the target market

• By the number of competitors in the market

What does a ballpark figure estimate in the context of e-commerce?

• The exact number of competitors in the market

• The cost of a product with high precision

• The total revenue generated by the business model

• A placeholder estimate for conversation or estimation purposes

What is the foundation for revenue and success in an e-commerce site?

• Static content

• Paid advertising content

• Dynamic content

• User-generated content

What does a SWOT analysis help in strategizing for a business?

• Addressing unmet needs and new technologies

• All of the above

• Identifying strengths and weaknesses

• Identifying opportunities and threats

What are the four different kinds of e-commerce presence that firms need to consider?

• Website, mobile app, social media, and email marketing

• Online store, marketplace, social media, and email marketing

• Online store, marketplace, social media, and mobile app

• Social media, email, website, and mobile app

What is the purpose of developing a timeline with milestones for an e-commerce site?

• To create a structured plan for the project

• To break down the project into small phases

• All of the above

• To provide a sense of direction and motivation

What is the methodology for understanding the business objectives of a system and designing an appropriate solution?

• system development learning cycle

• Agile scrum developmet

• Agile learning development

• Systems development life cycle

What does the system design specification describe in the context of e-commerce?

• The flow of information at the site

• The main components in a system

• The physical design of the system

• All of the above