What do "Site Templates" do in Liferay?

Site Templates in Liferay play a crucial role in enhancing the development process by providing a means to standardize pages, assets, and configurations for reuse. When a site template is created, it can encapsulate all necessary components like page layouts, settings, and assets that are common across multiple sites. This simplifies the process of setting up new sites, ensuring consistency and efficiency, since developers can easily apply the same design and functionality without starting from scratch.

The utilization of site templates helps maintain a uniform experience across sites, as any standard configurations, styles, or layouts established in the template can be uniformly propagated. This is particularly beneficial in scenarios where organizations need to launch several sites with similar structures or branding but want to maintain unique content relevant to each site.

Other choices do not align with the core functionalities of site templates. For instance, defining user access levels pertains to permissions and roles, which is a different aspect of Liferay's functionality. Similarly, outlining financial components of a project is not related to the structural or design standardization that site templates offer. Lastly, recording historical changes made to content relates to versioning or content management, which also falls outside the scope of what site templates are designed for.