The general exponential function is a function written in the form \(f(x)=a(b)^x\), where the base \(b>0\) and \(b\ne1\).   It is called an exponential function because the variable \(x\) is in the exponent position.   The value of \(a\) is the \(y\)-coordinate of the \(y\)-intercept:   when \(x=0\), \(y=a(b)^0\implies y=a(1)\implies y=a\).   There are two types of graphs for an exponential function:
When \(b>1\), exponential growth occurs.   The graph below shows a growth curve.
When \(0< b< 1\), exponential decay occurs.   The graph below shows a decay curve.