Final answer:
E-business encompasses digital transactions crossing organizational borders, empowered by technology and globalization. B2B websites allow global trade, while international treaties have supported this trend.
Step-by-step explanation:
The term e-business indeed refers to the digital enabling of transactions and processes that facilitate an exchange of value across organizational boundaries. This concept has become increasingly relevant due to significant shifts in technology and globalization. With advancements in telecommunications and internet-related technologies, consumers and organizations can now engage in transactions that span geographical borders with greater ease. Businesses leverage online platforms to reach a global audience, thus intensifying the competition among local retailers. Moreover, business-to-business (B2B) websites serve as virtual marketplaces, where buyers and suppliers from various parts of the world can connect and conduct trade. Furthermore, the accessibility of digitized products and services, such as computer software, financial advice, and travel planning, has been greatly enhanced, allowing for their quick and cost-effective dissemination through digital networks. Additionally, international treaties have played a role in fostering increased international trade.