-e-commerce is the buying and selling of goods and services over public and private computer networks
-clearinghouse provides goods and services but not title
-B2C involves sales between supplier and a retail customer
-B2b involves sales between companies
-B2G refers to sales between the company and government
-E-commerce auctions match buyers and sellers by using an e-commerce version of a standard auction
-Electronic Exchanges match the buyer and sellers; similar to that of a stock exchange
-Price Elasticity measures the amount that demand rises or falls with changes in price
-HTTP occurs between the users and the server computer
- Webpage is a document coded in one of the standard page markup languages that is transmitted using HTTP
-Web servers are programs that run on a server tier computer and that manage HTTP traffic by sending and receiving web pages to and from clients
-HTML is the most common language for defining the structure and layout of web pages
- A supply chain is a network of organizations and facilities that transforms raw materials into products delivered to customers
-Supply chain profitability is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue
-Bullwhip effect is a phenomenon in which the variability in the size and timing of order increases at each stage up the supply chain from customers to suppliers
-Web 2.0 is a loose grouping of capabilities, technologies, business models, and philosophies
-A beta program is a preleased version of software that is used for testing, it becomes obsolete when the final version is released
-A Social network application is a computer program that interacts with and processes information within a social network
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