Business Studies · Ch 5 — Emerging Modes of Business

Key Terms

e-Business — the conduct of industry, trade and commerce over computer networks; wider than e-commerce, covering internal functions too.
e-Commerce — a firm's buying-and-selling interactions with its customers and suppliers over the internet.
Browser — software used to access and move through websites while shopping or seeking information online.
Virus — 'Vital Information Under Siege'; a self-replicating program that can annoy, disrupt, damage data or destroy a system.
Secure Sockets Layer (SSL) — encryption technology used to protect credit-card and other data during online transactions.
Online trading — carrying out the buying-and-selling process over the internet.
e-Trading — the online buying and selling of shares and other financial securities.
e-Procurement — internet-based B2B purchasing through reverse auctions and digital marketplaces. …