What is a transaction?
Agreement is a type of activity that elements of purchasing, sales and marketing. The overall process includes a presentation of the opportunity to purchase products, identifying the conditions that relate to this purchase, and then move the process of payments to complete the transaction. The activity of this type serves as the driving force of all types of trade, allowing buyers and sellers to join and engage in events that are ideally in favor of both parties.
The process of transaction of the agreement actually begins with the efforts of the manufacturer of goods or services to attract consumer attention. During this phase, the emphasis is on informing potential customers about the benefits of the product in question. Assuming that this marketing effort is successful, the attention of consumers is earned and at least a percentage of targeted consumer market will be interested in obtaining good or services offered.
After obtaining the attention of consumers, the transaction of the agreement moves into the process of structuring the conditions of the infectionpu. During this phase, the Buyer and the Seller agreed on the product costs and also how the payment would be offered. Depending on the exact nature of the transaction, this may include a certain level of negotiation between the two parties, which eventually reaches the price that is acceptable to all involved. At the same time, the possibilities for providing payment to the seller are discussed, while the buyer settles on the method of payment he considers most suitable for the type of transaction.
The final component in any transaction of the agreement is the actual offer of payment. This includes both sides to successfully complete the process. The buyer must initiate the form of payment using one of the methods received by Seller. Sellers confirm the acceptance of the payment and then continue to release the goods or services to the buyer. The duration of this phase will vary depending on the type of payment and the nature of the product purchased. For example, online store transactions involving the purchase of a software product and payments throughI often lead to the buyer's immediate ability to download the purchased product. On the other hand, a check in the form of a check may require several days to clean the seller's account, while the seller does not publish the purchased product until the payment is verified.