Important Characteristics of Electronic Data Interchange EDI) Include All of the Following

question 72

Multiple Choice

Important characteristics of electronic data interchange EDI) include all of the following, except:

• A)Sales register is used to record all transactions.
• B)Inter-company refers to two or more companies conducting business electronically.
• C)Computer-to-computer aspect indicates that each company's computers are connected via a network.
• D)A standard business format is necessary so that companies can interact and trade with a variety of buyers and sellers.

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Definitions:

Tit-For-Tat Strategy

A reciprocal strategy where an entity responds to an action with a similar response, often used in game theory and conflict resolution.

High-Price Strategy

A marketing strategy in which a firm sets the price of its products higher than the competition, typically to signal superior quality.

Tit-For-Tat Strategy

A strategy in game theory where a participant replicates the opponent's previous action, often used to foster cooperation or retaliate in competitive scenarios.

Bottled Water

Packaged water for consumption, sold in plastic or glass bottles.