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Many people use the term”online shopping” to reference any sort of internet transaction involving a sale on the internet, however it is more commonly used to refer to sales on auction sites like eBay or internet shopping portals. “Internet store”, on the other hand, redirects here. An internet store evokes the actual physical example of shopping items or services at a retail”store” or shopping centre; the action of shopping here is known as consumer-to-customer (C2C). In internet shopping websites, online purchases are made between customers and businesses or between users and support providers (like resorts, cab services, etc..)
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Most online shopping arrangements involve consumers interacting with businesses through their computers. At this stage, both the customers and the businesses have entered into a contractual relationship known as a hierarchical arrangement or deal. Basically, when a consumer chooses to purchase a service or product from the vendor, the business owner has to provide the purchased item to the consumer by a particular date or within a predetermined time period. If the business can’t deliver the item on the agreed date, or if the consumer insists on obtaining the product, the online shopping site provides a mechanism for the exchange or refund.
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Real-time online shopping technology uses sophisticated electronic systems that allow the secure transmission of data along with the transfer of obligations in real-time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving sales. Consumers love greater control over their internet shopping experience, since they can make changes or cancel transactions whenever they want to do so.