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A lot of men and women use the term”online shopping” to reference any sort of online transaction between a sale on the internet, however it is more commonly used to refer to earnings on auction websites such as eBay or online shopping portals. “Web store”, on the other hand, redirects here. An internet store evokes the genuine physical example of shopping items or services at a retail”shop” or shopping centre; the action of shopping here is called consumer-to-customer (C2C). In online shopping websites, online purchases are made between consumers and businesses or between users and service suppliers (such as hotels, cab services, etc..)
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Most online shopping arrangements involve consumers interacting with companies through their computers. At this stage, both the customers and the businesses have entered into a contractual relationship known as a hierarchical arrangement or deal. Basically, when a consumer chooses to purchase a product or service from the vendor, the business owner has to provide the purchased item to the customer by a certain date or within a specified period of time. If the company can’t deliver the product on the agreed date, or when the customer insists on obtaining 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 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 up sales. Consumers enjoy better control over their online shopping experience, since they can make changes or cancel transactions whenever they wish to do so.