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Many people use the word”online shopping” to reference any sort of internet transaction involving a sale online, however it is more commonly used to refer to sales on auction websites such as eBay or internet shopping portals. “Internet store”, on the other hand, redirects here. An online store evokes the genuine physical illustration of shopping products or services at a retail”store” or shopping centre; the act of purchasing here is called consumer-to-customer (C2C). In internet shopping websites, online purchases are made between customers and companies or between users and support providers (like hotels, taxi services, etc..)
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Most online shopping transactions demand consumers interacting with companies through their computers. At this phase, both the customers and the businesses have entered into a contractual relationship known as a hierarchical arrangement or agreement. In simple terms, when a consumer chooses to purchase a product or service from the seller, the company owner has to provide the purchased item to the consumer by a certain date or within a predetermined time period. If the business can’t 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 exchange or refund.
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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 payments in real-time. This technology makes e-commerce more convenient for customers, thereby increasing customer satisfaction and driving sales. Consumers enjoy better control over their internet shopping experience, since they can make changes or cancel transactions anytime they want to do so.