What is the importance of COB and EOD in e-commerce?

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EOD is used when an event occurs at the end of a trading session or when a contract expires at that time.
Another thing is that COB doesn't have a set time, as it can vary from country to country. EOD, on the other hand, always occurs at 5pm London time (UTC). End-of-Day is more of a British abbreviation, while Close-of-Business is more of an American term. However, if the requester is not from the UK or London, the meaning of EOD refers to the end of the sender's day, which can vary from country to country.

Pro Tip: If you're having trouble figuring out what time it is , answer "yes" to the close of business or closing date question.
You might also be wondering why London comes up so often: it's because it's the place where the universal time zone is located and where the custom of displaying time was first adopted, and so is used as the standard.
Remember, COB means to end a particular business, and EOD means to end all trading sessions, if you need to distinguish between the two or use both in your speech.
COB is a very important factor for online stores because it is used to determine when to deliver packages. If your products are delayed and you miss someone else's deadline, your profits will go down, so it is a big concern for all online store owners.


As you can see, nearly half of customers consider delivery time to be essential and important to their shopping experience.
For example, if you place an order at 4pm (Japan time), if the online shop delays it by just one hour, it will be shipped the next day, so the customer may receive the product much later. In this case, the customer will be austria telegram database disappointed and will not want to make another purchase.
For business owners, EOD is also important for international trade and financial transactions. If you want to enter into any business arrangement with another individual or company, you need to know the EOD of that company to ensure the deal can be completed and the supply chain is not interrupted.
Conclusion
Finally, COB and EOD are abbreviations used in business to inform others of an event, order, or deadline. COB stands for close of business for the day, and EOD stands for end of day. Close-of-business is usually used in the business world, while EOD is more of a trader abbreviation.
However, sometimes both abbreviations are used to mean the same thing - the end of a business day or trading session. This is especially true when speaking with British or American people who use these abbreviations, but especially when speaking with people from other countries, it is paramount to always be clear what the time being referenced means.