The document defines multimedia as a combination of text, images, audio, video, animation, and interactivity, delivered through digital or electronic means. It differentiates between linear multimedia, which is consumed in a fixed sequence, and non-linear multimedia, which allows for user interaction and exploration, exemplified by hypermedia like the World Wide Web. Key components of multimedia include text processing, graphic editing, audio formatting, animation tools, video editing, and interactive elements that enhance user engagement.