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Many people use the term”online shopping” to reference 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 internet shopping portals. “Internet store”, on the flip side, redirects here. An online store evokes the actual physical example of shopping products or services at a retail”shop” or shopping centre; the act of shopping here is known as consumer-to-customer (C2C). In online shopping sites, online purchases are made between customers and companies between users and service suppliers (like resorts, cab services, etc..)
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Most online shopping transactions involve consumers interacting with companies through their computers. At this phase, both the customers and the businesses 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 vendor, the business owner must deliver the purchased item to the customer by a certain date or within a specified period of time. If the business can’t deliver the product on the agreed date, or when the customer insists on getting the product, the online shopping website provides a mechanism for the refund or exchange.
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Real-time online shopping technology uses sophisticated electronic systems which enable the secure transmission of information and the transfer of payments 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, as they can make changes or cancel transactions anytime they wish to do so.