what is ebusiness

E-business, short for electronic business, refers to any kind of business or commercial transaction that includes sharing information across the internet. It is the administration of conducting any business using the internet, extranet, web, and intranet. E-business encompasses much more than online purchasing transactions and includes buying and selling goods and services, servicing customers, processing payments, managing production and supply chains, collaborating with business partners, sharing information, running automated employee services, and recruiting employees. E-business differs from e-commerce as it not only deals with online transactions of selling and buying of a product and/or service but also enables the conduct of business processes within the value chain through the internet. E-business includes a lot of business processes, including online order processing, customer relationship management, supply chain management, and many more.