ELI5: Explain Like I'm 5

Electronic business

Electronic business, also known as e-business, is when businesses use the internet and other electronic means to conduct their operations.

Imagine you have a lemonade stand and you want to sell your lemonade to people on the other side of the world. Instead of physically traveling there or mailing your lemonade, you can set up an online store where people can order your lemonade and pay for it through the internet. This is e-business.

E-business can also include other activities such as online marketing, customer service, and communication between employees. For example, you could use social media like Twitter or Facebook to advertise your lemonade stand to potential customers.

Overall, electronic business is all about using technology to make business operations more efficient and accessible to people all over the world.