An Added Bonus of Electronic Data Interchange (EDI) Is That

question 13

True/False

An added bonus of electronic data interchange (EDI) is that, in addition to automating the buying process, it has also opened new channels for gathering marketing information.

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Definitions:

Motivational Theories

A set of theories in psychology that attempt to explain how people are motivated to achieve certain goals and how this motivation influences their behavior and performance.

Maslow

Refers to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

McGregor

Refers to Douglas McGregor, a social psychologist who proposed the X and Y theory, suggesting that there are two fundamental approaches to managing people.

Function

The natural action or intended purpose of something or someone.