Week 6

Setting up an online store

Assignment Document

Instructions:

1. Keep your answers brief and to the point

2. Use bullet points if necessary

Q1. How would an online store differ in experience from a physical store? What are the
additional/reduced costs involved? (Word Limit – 50 words)
Ans. An offline store has many costs to maintain like electricity bills, telephone bills etc.
But in online stores, we have none of these. A user can get a product while sitting at home
only whereas the customer had to walk to a store previously.

Q2. The Coronavirus pandemic has necessitated the thrust towards online shopping and
ease of transaction. How would you ensure a smooth process from selection to payment
in your online store? (Word Limit – 75 words)
Ans. Sorry sir, but as we are following advertisement business revenue model, there is no
online store for our product.

Q3 What factors did you keep in mind while deciding the cost of your product? What
technique did you use? (Word limit – 75 words)
Ans. Sorry sir, but as we are following advertisement business revenue model, there is no
online store for our product.

Q4. Add link to your web-based online store

Ans. Sorry sir, but as we are following advertisement business revenue model, there is no
online store for our product.

Q5. Add link to your mobile-app based online store (Optional)