Electronic transactions allow users to exchange electronic goods and services with no barriers of time or distance. While electronic transactions have existed for some time in the form of electronic data interchange (EDI), which required dedicated data links between suppliers and customers, newer platforms allow suppliers and customers to connect through electronic marketplaces without pre-existing links. These marketplaces provide a cost-effective way for companies to conduct trades benefiting both suppliers and customers.

2. a term for any
business or
transaction

3. HAS
ALLOWS EXPANDED
USERS TO RAPIDLY OVER
EXCHANGE THE PAST FIVE
YEARS
WITH NO
ELECTRONIC BARRIES OF
GOODS AND TIME OR
SERVICES DISTANCE

4. B2B

5. ELECTRONIC
TRANSACTIONS
have been form of electronic
around for quite data interchange
some time or EDI.
requires each a dedicated
supplier a EDI data link
customer to set up (between them)
provides a cost-
has led to the
effective method
development of
for companies
electronic
set up multiple, ad-
marketplace
hoc links
where suppliers
and
customers are
brought together
to conduct mutually
beneficial trade.

7. Financial transactions
PyPal Hyper
apt.
.
Merchant through electronic mean Wallet
accounts is apt.