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Many people use the word”online shopping” to refer to any sort of online transaction involving a sale online, however it is more commonly used to refer to sales on auction sites like eBay or online shopping portals. “Internet store”, on the flip side, redirects here. An online store evokes the genuine physical illustration of shopping products or services in a retail”shop” or shopping centre; the act of shopping here is called consumer-to-customer (C2C). In internet shopping websites, online purchases are made between customers and businesses between users and service providers (such as hotels, taxi services, etc..)
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Most online shopping arrangements involve consumers interacting with businesses through their computers. At this stage, both the customers and the companies have entered into a contractual relationship called a transactional arrangement or deal. Basically, when a consumer chooses to obtain a product or service from the vendor, the business owner must provide the purchased item to the consumer by a certain date or within a specified time period. If the company cannot deliver the product on the agreed date, or when the customer insists on obtaining the item, the online shopping site provides a mechanism for the exchange or refund.
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Real-time internet shopping technology makes use of sophisticated electronic systems which allow 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 sales. Consumers enjoy greater control over their internet shopping experience, since they can make changes or cancel transactions whenever they want to do so.