Question

In the Mercantile Model, the second stage is characterized by:

A. settlers built large urban areas in new inland towns

B. explorers start looking for possible new territories and gathering information

C. settlers developing complex transportation links with integrated urban systems

D. settlers harvesting natural resources in the new territory such as timbers and furs

Answer 1

MERCANTILE MODEL -

It defines the interaction between the consumer and the merchant for online commerce .This is necessary because to buy and sell goods a buyer , a seller and other parties must interact in ways that represent standard business process.

FOLLOWING 3 STAGES FROM CONSUMER PERSPECTIVE

(1) PRE PURCHASE INTERACTION : It includes searching product/services and and finding information of it . comparing products and negotiation of tems like price , delivery time .

(2) PURCHASE CONSUMMATION : It includes placement of order, authorization of payment , receipt of product .

(3) POST PURCHASE INTERACTION : It includes customer service and support .

FOLLOWING 3 STAGES FROM SELLER PERSPECTIVE -

(1)PRE SALE INTERACTION: It includes order planning and order generation ,cost estimation and pricing

(2) PRODUCT/SERVICE PURCAHSE AND DELIVERY : It includes order receipt and entry , order scheduling , order fulfillment and delivery , order billing and payment .

(3) POST SALE INTERACTION : It includes customer service and support .

IN QUESTION 2ND STAGE CHARACTERIZED AS :

C. settlers developing complex transportation links with integrated urban systems

EXTRA INFO:

1ST STAGE WILL INCLUDE - A. settlers built large urban areas in new inland towns

B. explorers start looking for possible new territories and gathering information

D. settlers harvesting natural resources in the new territory such as timbers and furs