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A lot of people use the term”online shopping” to refer to any type of online transaction involving a sale online, however it is more commonly used to refer to earnings on auction websites such as eBay or internet shopping portals. “Web store”, on the flip side, redirects here. An online store evokes the actual physical example of shopping products or services in a retail”shop” or shopping centre; the action of shopping here is known as consumer-to-customer (C2C). In online shopping websites, online purchases are made between customers and companies between users and service suppliers (like hotels, cab services, etc..)
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Most online shopping transactions demand consumers interacting with businesses through their computers. At this stage, both the customers and the companies have entered into a contractual relationship called a hierarchical arrangement or deal. Basically, when a consumer chooses to purchase a product or service from the seller, the business owner has to deliver the purchased item to the customer by a certain date or within a specified period of time. If the company cannot deliver the product on the agreed date, or when the customer insists on obtaining the item, the online shopping website provides a mechanism for the refund or exchange.
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Real-time internet shopping technology uses sophisticated electronic systems that enable the secure transmission of information along with the transfer of obligations in real time. This technology makes e-commerce more convenient for consumers, thereby increasing customer satisfaction and driving sales. Consumers love greater control over their online shopping experience, as they can make changes or cancel transactions whenever they want to do so.