buyers have a wide access to the market space and that and that their product

Buyers have a wide access to the market space and

This preview shows page 13 - 16 out of 21 pages.

buyers have a wide access to the market space and that, and that their product desires, taste and preference are served by the wide market. Marketing strategies and market reach are excellent and extensive, their greatest failure is being able to build trust between the two transacting parties. The key role they play is going out to the field, finding potential buyers of a certain product and directing them to where they can get a certain product after which they leave the customer with the product seller. 2.3PROPOSED PROJECT Online transaction is a venture that has been researched on for a very long and has led to the establishment of several ecommerce system. The established systems have greatly served the purposes they were meant to serve, but have nit been able to meet the customers demand to the fullest. This is based on the fact that trust is still a great issue of concern while performing online purchases. Thus, many potential buyers resort to buying the products from local retailers leading to a reduced sales rate by the The proposed system Online Sales Agreement and Payment Management System seek to create a platform where the interaction and transaction between the two transacting parties is regulated by set rules put in place through and agreement between the individuals, that is the one performing the sale and the one doing the purchase. the primary role of the platform is to ensure that the agreed-on conditions are met during at
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the completion of the transaction process. This will greatly help boost online transaction as trust is a critical factor in any online transaction. An analysis on the market viability for these projects indicated that above 95% of online buyers are very likely to use the services offered at our platform while performing their transactions. that is they would like to see the item they are buying and test its viability in the market. Also, a percentage of above 50% indicate a positive response on there likelihood of using our platform while making purchases online. This is a considerable market share for a new idea. Online sales agreement and payment management system will help build trust on online transaction thus will greatly restores online transactions high growth rate.
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CHAPTER THREE 3. METHODOLOGY 3.1 System development methodology. The methodology that will implied in the development and implementation of this project is object-oriented approach. This will entail the following features that are essential in the development of online sales agreement and payment management system; system analysis approach, design and implementation of a system with relational object classes. Object-oriented analysis (OOA) will be applied in developing an object model of the application domain, this is a fundamental constituent in program development.
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