Your First Project as the New Web Designer at Smart

question 22

Multiple Choice

Your first project as the new web designer at Smart Design is to increase web traffic to help boost web orders.Before you begin redesigning the website,you look at the website analytics.Why is this step important?

• A) It will let you know if visitors dislike the company brand or product.
• B) It will let you know if customers are buying products somewhere else.
• C) It will let you know if your web page appears first when used in a search engine.
• D) It will let you know how the visitors are using the site and where there might be problems.

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Definitions:

Total Costs

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Constant Cost Industry

An industry in which the costs of production do not change as the industry's output changes.

Natural Monopoly

A market situation in which the average costs of production continually decline with increased output. In a natural monopoly, the average costs of production will be lowest when a single, large firm produces the entire output demanded by the marketplace.

Perfectly Elastic

Perfectly elastic refers to a situation in economic theory where the quantity demanded or supplied of a good changes infinitely in response to any change in price.