Essential Item Attributes for Online Ordering: Web Status and Orderable on Web

We have a requirement for an entity where items will be ordered through an online channel. I am looking for guidance on the essential Item attributes required to make these items eligible and visible for online sales.
Specifically, could anyone provide a detailed explanation and configuration best practices for the following attributes:
Web Status and Orderable on the Web
I am interested in how these flags impact item visibility in downstream web systems and if there are other mandatory attributes (e.g., Customer Ordered, Shippable) that must be enabled in conjunction with these to ensure the end-to-end flow works correctly.