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Many people use the term”online shopping” to refer to any sort of internet transaction involving a sale on the internet, but it is more commonly used to refer to sales on auction sites such as eBay or online shopping portals. “Internet store”, on the flip side, redirects here. An online store evokes the actual physical illustration of purchasing products or services at a retail”shop” or shopping centre; the act of purchasing here is called consumer-to-customer (C2C). In online shopping sites, online purchases are made between customers and companies or between users and service providers (like hotels, taxi services, etc..)
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Most online shopping arrangements involve consumers interacting with companies through their computers. At this stage, both the customers and the companies have entered into a contractual relationship called a hierarchical arrangement or deal. In simple terms, when a consumer chooses to obtain a product or service from the vendor, the company owner has to deliver the purchased item to the customer by a particular date or within a predetermined period of time. If the company can’t deliver the product on the agreed date, or if the consumer insists on getting the item, the online shopping website provides a mechanism for your refund or exchange.
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Real-time internet shopping technology uses sophisticated electronic systems which enable the secure transmission of data and the transfer of obligations in real time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving sales. Consumers enjoy better control over their online shopping experience, as they can make changes or cancel transactions whenever they wish to do so.