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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 utilized to refer to sales on auction websites like eBay or online shopping portals. “Web store”, on the other hand, redirects here. An internet store evokes the actual physical example of purchasing products or services in a retail”store” or shopping center; the action of shopping here is called consumer-to-customer (C2C). In online shopping websites, online purchases are made between customers and businesses between users and service suppliers (like hotels, cab services, etc..)
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Most online shopping transactions demand consumers interacting with companies through their computers. At this phase, both the consumers and the businesses have entered into a contractual relationship known as a hierarchical arrangement or agreement. In simple terms, when a consumer chooses to purchase a product or service from the vendor, the business owner has to provide the purchased item to the consumer by a certain date or within a predetermined time period. If the company cannot deliver the product on the agreed date, or when the customer insists on obtaining the item, 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 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 up sales. Consumers enjoy better control over their online shopping experience, since they can make changes or cancel transactions whenever they want to do so.