Because It Can Be Expensive to Develop and Maintain a System

question 104

Multiple Choice

Because it can be expensive to develop and maintain a system that links two companies directly, the companies often use a third-party network.This third-party network provides other valuable services such as translation and encryption of the EDI data and authentication of a valid and authorized training partner.These third-party networks are called:

• A)EDI Mailboxes
• B)American National Standards Provider
• C)Value Added Networks
• D)Secured EDI Networks

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly in response to a change in price.

Total Revenue

The total amount of money a firm receives by selling goods or services.

Price Elasticity

A rating of the degree of demand fluctuation for an item as a consequence of variations in its price.