Which of the Following Is a Computer-To-Computer Exchange of Business

question 10

Multiple Choice

Which of the following is a computer-to-computer exchange of business documents from retailer to vendor and back?

• A) Electronic data interchange (EDI)
• B) Customer data system
• C) A data warehouse
• D) Vendor marketing software
• E) Data exchange

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Definitions:

Price Floors

Government or regulatory-set minimum prices for goods or services, aimed at preventing prices from falling too low.

Price

The cost involved in purchasing a specific good or service.

Shortage

A situation where the demand for a product exceeds its supply, often leading to higher prices.

Surplus

The condition that occurs when the quantity of a good or service supplied exceeds the quantity demanded, often leading to lower prices.