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A lot of men and women use the term”online shopping” to reference any type of online transaction involving a sale online, however it is more commonly used to refer to earnings on auction sites like eBay or online shopping portals. “Web store”, on the other hand, redirects here. An internet store evokes the genuine physical example of purchasing items or services in a retail”store” or shopping centre; the action of shopping here is known as consumer-to-customer (C2C). In internet shopping sites, online purchases are made between customers and companies or between users and service suppliers (like resorts, cab services, etc..)
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Most online shopping arrangements demand consumers interacting with companies through their computers. At this phase, both the consumers and the companies have entered into a contractual relationship called a hierarchical arrangement or agreement. Basically, when a consumer chooses to obtain a service or product from the seller, the company owner has to deliver the purchased item to the customer by a certain date or within a predetermined time period. If the company can’t deliver the product on the agreed date, or if the consumer insists on obtaining the product, the online shopping website provides a mechanism for the refund or exchange.
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Real-time online shopping technology makes use of sophisticated electronic systems which enable the secure transmission of information along with the transfer of payments in real-time. This technology makes e-commerce more convenient for consumers, thereby increasing customer satisfaction and driving sales. Consumers enjoy better control over their online shopping experience, since they can make changes or cancel transactions anytime they want to do so.