E – BUSINESS
In general, e-business is understood as the interaction among business partners with
the assistance of information technologies. It refers not only to buying and selling over
the internet, but also to servicing customers and collaborating with business partners.
The term e-business is often used interchangeably with the term e-commerce.
However, it is becoming increasingly accepted that the use of e-commerce should be
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restricted to referring to just those transactions, which are used while buying and
selling services and goods over the internet. An e-business enterprise is one that
utilises the internet and related technologiesto compete effectively in its business
space (Cronin, 1997).