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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 earnings on auction sites such as eBay or online shopping portals. “Web store”, on the other hand, redirects here. An online store evokes the genuine physical illustration of shopping items or services in a retail”shop” or shopping center; 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 providers (like hotels, cab services, etc..)
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Most online shopping transactions involve consumers interacting with businesses through their computers. At this phase, both the consumers and the companies have entered into a contractual relationship known as a hierarchical arrangement or deal. In simple terms, when a consumer chooses to purchase a product or service from the seller, the business owner has to deliver the purchased item to the consumer by a particular date or within a specified period of time. If the company cannot deliver the product on the agreed date, or if the consumer insists on getting the product, the online shopping site provides a mechanism for the refund or exchange.
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Real-time internet shopping technology uses sophisticated electronic systems which allow the secure transmission of data and the transfer of payments in real-time. This technology makes e-commerce more suitable for consumers, thereby increasing customer satisfaction and driving sales. Consumers enjoy better control over their online shopping experience, since they can make changes or cancel transactions anytime they wish to do so.