17 Questions
The weaknesses of the system include limited financial resources and no existing user base.
True
One of the opportunities mentioned is the potential to capture a significant share of the market.
True
Threats include the low market entry cost and the rapid pace of technology development.
False
The two components of system design mentioned are logical design and physical design.
True
Outsourcing involves hiring vendors to provide services involved in building the site.
True
One of the weaknesses mentioned is the lack of existing user base.
True
One of the opportunities mentioned is the ability to address a large market with unmet needs.
True
The system analysis stage precedes the system design stage.
False
Outsourcing involves building the system in-house without hiring external vendors.
False
Physical design in system design specifies the actual physical and software components of a system.
True
Threats include the potential lack of interest from advertisers to try a new site.
True
A small startup e-commerce website can cost up to $5000.
False
Existing e-commerce sites are meeting the market needs according to the text.
False
SWOT analysis is not mentioned as a recommended step in building an e-commerce presence.
False
Email is not listed as a platform activity for e-commerce presence.
False
A large corporate website typically costs less than $100,000.
False
One of the components of the e-commerce vision is 'Development timeline'.
True
Test your understanding of building an e-commerce presence by exploring topics like mission statement, target audience, strategic analysis, marketing matrix, revenue models, target audience characteristics, market size, and more.
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