E-business (electronic business) 
refers to all business transaction 
including selling directly to 
consumers dealing with 
manufacturers and suppliers and 
conducting interaction with 
partners.
E-commerce (electronic 
commerce or EC) is the buying and 
selling of goods and services, or 
the transmitting of funds or data, 
over an electronic network, 
primarily the Internet.
A Virtual classroom is an 
online learning environment. 
The environment can be web-based 
and accessed through a 
portal or software-based and 
require a downloadable 
executable file.
Web 2.0 is the current state of 
online technology as it 
compares to the early days of 
the Web; that state is 
characterized by greater user 
interactivity and enhanced 
communication channels.
Web 2.0 is the current state of 
online technology as it 
compares to the early days of 
the Web; that state is 
characterized by greater user 
interactivity and enhanced 
communication channels.

Definition of terms

  • 2.
    E-business (electronic business) refers to all business transaction including selling directly to consumers dealing with manufacturers and suppliers and conducting interaction with partners.
  • 3.
    E-commerce (electronic commerceor EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet.
  • 4.
    A Virtual classroomis an online learning environment. The environment can be web-based and accessed through a portal or software-based and require a downloadable executable file.
  • 5.
    Web 2.0 isthe current state of online technology as it compares to the early days of the Web; that state is characterized by greater user interactivity and enhanced communication channels.
  • 6.
    Web 2.0 isthe current state of online technology as it compares to the early days of the Web; that state is characterized by greater user interactivity and enhanced communication channels.