Which Statement Is True of Electronic Data Interchange (EDI)

question 108

Multiple Choice

Which statement is true of electronic data interchange (EDI) ?

• A)It uses proprietary protocols and networks.
• B)It is more beneficial when there are more companies in its network.
• C)When Web-based EDI is used, the process of sales forecasting is disrupted.
• D)When it uses the Internet and Web protocols, the cost of transmitting documents increases.

Understand the concept of brand elements and their significance in marketing.

Recognize different types of products, including goods, services, and places.

Understand the legal protection possible for brands through trademarks.

Distinguish between the marketing mix and product mix.

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Definitions:

Private Enterprise System

An economic system where private individuals or groups have the right to own property and businesses and operate them for profit with minimal government interference.

Federal Taxes

Levies imposed by the government on income, corporate profits, and added to the cost of some goods, services, and transactions.

Not-for-Profit Organizations

Organizations that operate for purposes other than making a profit, focusing on serving the community or advancing social causes.

Crop Production

The process of growing agricultural crops for consumption, commercial, or other purposes.