| Term | Definition |
|---|
| Disintermediation | the removal of organizations or business process layer responsible for certain intermediary steps in a value chain |
| Electronic data interchange (EDI) | the direct computer-to-computer exchange between two organizations of standard business transactions, such as orders, shipment instructions, or payments |
| Exchanges | third-party Net marketplace that is primarily transaction oriented and that connects many buyers and suppliers for spot purchasing |
| Information asymmetry | situation in which the relative bargaining power of two parties in a transaction is determined by one party in the transaction possessing more information essential to the transaction than the other party |
| Private industrial networks | Web-enabled networks linking systems of multiple firms in an industry or the coordination of Tran organizational business processes |
| Procurement | sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements |
| Pure-play | business models based purely on the Internet |
| Richness | measurement of the depth and detail of information that a business can supply to the customer as well as information the business collects about the customer |
| Syndicators | a business that aggregates content or applications from multiple sources, packages them for distribution, and resells them to third-party Web sites |
| Wireless Portals | Portals with content and services optimized for mobile devises to steer users to the information they are most likely to need. |
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