Economies of Scale, The increase in efficiency of production as the number of goods being produced increases, E-tailing, Buying and selling goods on the Internet, Good, Actual physical item or object which can be exchanged for money, E-commerce, Short for electronic commerce; refers to all forms of business transactions conducted electronically over computer networks, Profit, The amount of money a company makes from selling a product or service after all expenses, Browser, A computer interface used to access the Internet, Employee, A person hired by a company to provide services on a regular basis, in exchange for wages or salary, World Wide Web, A system of linked hypertext documents, Market Share, The percentage of an industry or market’s total sales that is earned by a company over a specified time., Digital Goods, This includes computer software, e-books, audio, and video files..

Lesson 1: E-commerce

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