Image Resolution
The detail an image holds. The term applies to Bitmap/Raster digital images and film images. Higher resolution means more image detail.
DPI For Print
300 DPI (dots per inch)
DPI For Web
72 PPI (Pixels per Inch)
* If you want to read up on difference between DPI and PPI ( http://forums.adobe.com/thread/370714)
Pixels
The smallest dots that make up an image on screen.
BIT = The smallest unit that a computer uses to communicate.
BYTE = 8 Bits
KiloBYTE = 1024 Bytes
MegaBYTE = 1024 Kilobytes
GigaBYTE = 1024 Megabytes
TeraBYTE = 1024 Gigabytes
File Types
JPG cannot contain layers or vector paths, used for Web Images
PNG used for Web images when transparency is needed
GIF used for Web images when transparency is needed
EPS can contain layers or vector paths
PSD (Adobe Photoshop File) can contain layers and vector paths as “smart objects”, generated by Photoshop
TIF can contain layers and vector paths as “smart objects”, generated by Photoshop
AI (Adobe Illustrator File) can contain layers and vector paths
INDD (Adobe In Design File) can contain layers or vector paths, used for page layouts with type