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Many men and women use the word”online shopping” to reference any sort of online transaction involving a sale on the internet, but it is more commonly utilized to refer to sales on auction sites like eBay or internet shopping portals. “Web 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 between users and service providers (like resorts, taxi services, etc..)
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Most online shopping transactions involve consumers interacting with businesses through their computers. At this stage, both the customers 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 vendor, the company owner must provide the purchased item to the consumer by a certain date or within a specified period of time. If the company cannot deliver the item 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 online shopping technology makes use of sophisticated electronic systems which allow the secure transmission of data 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 better control over their online shopping experience, since they can make changes or cancel transactions anytime they want to do so.