What is e-commerce?

Ans: Electronic commerce or ecommerce is a term for any type of business, or commercial transaction
that involves the transfer of information across the Internet.

What is e-business?
Ans: Electronic business or e-business is the term used to describe the information systems and
applications that support and drive business processes, most often using web technologies.

Five general e-commerce categories:
Business-to-consumer
Business-to-business
Business processes
Consumer-to-consumer
Business-to-government

Electronic funds transfer (EFT)
Electronic funds transfer (EFT) is the electronic exchange, transfer of money from one account to
another, either within a single financial institution or across multiple institutions, through computer-based
systems

Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents
in a standard electronic format between business partners.

Business model
A business model describes the rationale of how an organization creates, delivers, and captures value, in
economic, social, cultural or other contexts. The process of business model construction is part of
business strategy.