Page 144 - Viva ICSE Computer Studies 6 : E-book

Tech Terms

E-commerce: Business activities for buying and selling of products, services and any other
information through electronic means which mainly include the Internet technologies
B2B: Electronic transactions of goods or services taking place between companies
B2C: E-commerce where virtual stores and malls on the Internet sell all varieties of goods and other
things to the customers

C2C: Electronic transactions of goods and services taking place between consumers
C2B: E-commerce where a large number of individuals look forward to companies to buy their
products and services
B2A: Electronic transactions taking place online between public administration and companies
C2A: Electronic transactions taking place between public administration and individuals

E-shopping: Buying products or obtaining services online
Net banking: Financial transactions performed on the bank’s website
Debit card: A card used in place of cash during purchase
Credit card: A card that allows the user to borrow money from the bank to make the purchases

Smart card: A plastic card consisting of embedded integrated circuits
E-wallet: A type of electronic card used for online transactions done through a computer or
a smartphone
Digital middleman: A company that collects the information from the companies that provide
similar kinds of products and services
E-banking: An online banking service that allows the customers to conduct fi nancial transactions
on a secure website
Blogging: The activation of updating a blog

Blog: An online journal or diary where entries are posted by Internet users called bloggers
Post: An entry posted by the blogger

Quick Recall

• Electronic business or e-business is the latest and emerging area of business management
using Information Technology and Internet.

• E-commerce is concerned with selling and buying of goods/services through the Internet.
• Diff erent types of e-commerce are business to business (B2B), business to consumer (B2C),
consumer to consumer (C2C), consumer to business (C2B), business to administration (B2A),
consumer to administration (C2A).

• Amazon is one of the popular online shopping websites in the world.
• Online payment is used in activities like e-shopping, e-banking and e-ticketing.
• Smart cards are now in use in many industries including retail, transit systems and security
services.

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