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The Fact That Electronic Data Interchange Technology Is So Expensive

question 120

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The fact that electronic data interchange technology is so expensive that only large firms can afford to use it puts small firms at a severe disadvantage when it comes to sharing information.

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Definitions:

Monthly Deposit

A fixed sum of money placed into an account at regular monthly intervals.

Interest

The cost of borrowing money or the return on invested capital, typically expressed as a percentage over a period of time.

Compounded Quarterly

Interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This compounding occurs four times a year.

Monthly Deposit

A fixed amount of money deposited into an account every month, often as a way to save or invest.

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