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Define Mercantile Process Model from the Merchant’s perspective along with a suitable diagram.
This model consists of three activities into the purchase consummation phase: Authorization of payment, Receipt of product and Placement of order.
The interaction for these activities is finished into three phases. And they are listed as given below:
(i) Prepurchase Interaction
(ii) Purchase Consummation and
(iii) Post purchase Interaction
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