| Term | Definition |
|---|
| e-Commerce | In its broadest sense is the conduct of selling, buying, logistics, or other organization-management activities via the Web. |
| Culture | The combination of language and customs. |
| Globalization | To go worldwide in scope and application; a consumer can access the Internet from anywhere at anytime. |
| Commerce | (Doing business), A negotiated exchange of valuable objects or services between two or more parties (a buyer and a seller); includes all activities that each of the parties undertakes to complete the transaction. |
| Profit | Revenue minus all expenses. The money a business has actually made from its operations. |
| Socio-Economic | Group status based on social groupings and economic status; in terms of e-Commerce, these groups may or may not be limited by financial security, credit status/credit card ownership, and cost of online access. |
| Electronic Data Interchange | A transaction that occurs when one business transmits computer-readable data in an agreed-upon format to another business. |
| Value Added Network | An independent firm that offers connections and Electronic Data Interchange (EDI) transaction forwarding services to buyers and sellers; usually charges a fee for each transaction plus a monthly fee. |
| Electronic Funds Transfer | the process of exchanging account information electronically over private communications networks; also known as wire transfers. |
| File Transfer Protocol | transferring a file from one computer to another; played a significant role in the early development of the Internet. |
| Hypertext Transfer Protocol | the language of the World Wide Web, it manages the hypertext links that are used to navigate the Web. |
| Transmission Control Protocol/Internet Protocol | establishes how data travels across networks; handles all addressing of the data as it moves across the networks. |
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