| Term | Definition |
| Hyper Text Transfer Protocol / HTTP | the protocol of the Internet |
| Trading Partners | business partners that agree to work together through Electronic Data Interchange (EDI) |
| Airline ticket | example of a purchase made on the Internet |
| Minor role | Governments control over the Internet - do not place a lot of restrictions - it is too big - international |
| Ecommerce | the buying and/or selling of goods via the World Wide Web |
| barter | the first form of commerce - people traded goods without involving money |
| Electronic Data Interchange (EDI) | the exchange of data from one company to another company through the Internet |
| Procurement | purchasing goods for the best possible price |
| Credit Card/Debit Card | the most common way to pay for an item on the www |
| EDI | technology used on an ecommerce website |
| Priceline | to bargain shop and place a last minute bid on an airline ticket a person might use what site |
| Intranet | a private network that is used in a business. Only employees are allowed to access this type of network |
| GPS | what technology can you use if you get lost |
| Customer Service | the most important consideration for a seller after an item is purcahsed on the www |
| repeat business | great customer service results in this type of business |
| Brick and Mortar (B&M) | a company that posseses a building for traditional business |