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Many people use the word”online shopping” to refer to any sort of online transaction involving a sale online, but it is more commonly utilized to refer to sales on auction websites such as eBay or internet shopping portals. “Web store”, on the other hand, redirects here. An online store evokes the genuine physical illustration of purchasing items or services at a retail”store” or shopping center; the act of purchasing here is called consumer-to-customer (C2C). In internet shopping websites, online purchases are made between consumers and companies or between users and service suppliers (such as resorts, taxi services, etc..)
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Most online shopping transactions involve consumers interacting with companies through their computers. At this stage, both the consumers and the companies have entered into a contractual relationship called a hierarchical arrangement or agreement. In simple terms, when a consumer chooses to obtain a service or product from the seller, the company owner must provide the purchased item to the consumer by a certain date or within a predetermined time period. If the business can’t 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 refund or exchange.
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Real-time online shopping technology uses sophisticated electronic systems which allow the secure transmission of data along with the transfer of payments in real-time. This technology makes e-commerce more suitable for consumers, thereby increasing customer satisfaction and driving sales. Consumers love greater control over their internet shopping experience, as they can make changes or cancel transactions whenever they want to do so.