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Many men and women use the term”online shopping” to reference any type of internet transaction between a sale online, but it is more commonly utilized to refer to earnings on auction sites like eBay or internet shopping portals. “Web store”, on the other hand, redirects here. An internet store evokes the actual physical illustration of purchasing products or services in a retail”shop” or shopping centre; the act of purchasing here is known as consumer-to-customer (C2C). In internet shopping websites, online purchases are made between customers and companies between users and service providers (such as hotels, 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 companies have entered into a contractual relationship called a hierarchical arrangement or deal. In simple terms, when a consumer chooses to purchase a service or product from the seller, the business owner has to deliver the purchased item to the consumer by a certain date or within a predetermined time period. If the business 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 enable the secure transmission of information along with the transfer of obligations in real time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving up sales. Consumers enjoy greater control over their internet shopping experience, as they can make changes or cancel transactions whenever they wish to do so.