This statement is TRUE.

Reasons:

• e‐mail is the system through which messages, images, videos, etc. can be exchanged through the medium of internet. It is a means of communication between individuals or firms.
• e‐commerce refers to the ordering, buying and selling of goods and/or services online. e‐commerce is the trading part of e‐business.
• The concept of e‐business mainly emerged in order to provide the buyers a platform on the internet to buy and sell their goods.
• e‐business refers to the “web‐enabling” of the existing business processes to conduct transactions via internet.
• It is to be noted that, a business can be termed as an e‐business even if it doesn’t perform trading activities over the internet.  
• The business can be termed as e‐business even if it uses the internet for communicating via e‐mails within the staff or with the suppliers or the creditors/debtors.  

Thus, the term ‘e‐business’ is derived from the terms ‘e‐mails’ and e‐commerce’.