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A lot of men and women use the term”online shopping” to reference any type of online transaction between a sale on the internet, however it is more commonly used to refer to sales on auction websites such as eBay or internet shopping portals. “Internet store”, on the other hand, redirects here. An online store evokes the genuine physical example of shopping items or services at a retail”shop” or shopping centre; the act of purchasing here is called consumer-to-customer (C2C). In internet shopping sites, online purchases are made between consumers and companies or between users and service suppliers (such as resorts, cab services, etc..)
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Most online shopping transactions involve consumers interacting with businesses 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 vendor, the business owner has to deliver the purchased item to the consumer by a particular date or within a predetermined period of time. If the business can’t deliver the item on the agreed date, or if the consumer 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 which allow the secure transmission of data along with the transfer of payments in real-time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving sales. Consumers enjoy greater control over their internet shopping experience, as they can make changes or cancel transactions anytime they wish to do so.