Electronic Data Interchange (EDI) Allows ________

question 88

Multiple Choice

Electronic data interchange (EDI) allows ________.

• A) organizations to request RFPs from potential vendors
• B) customer computers to communicate directly with supplier computers
• C) computers to fulfill the functions of a buying center on a virtual network
• D) customers to determine the real cost of a purchase through a set of computer metrics
• E) organizations to maintain a more personal relationship with customers through e-mail

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Definitions:

Average Cost

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Grazing

The act of animals eating grass or other vegetation growing close to the ground.

Average Fixed Cost

is the fixed costs of production divided by the quantity of output produced, showcasing how these costs spread over different production levels.

U-Shaped

A graphical representation where the curve is low in the middle and higher at both ends, indicating a situation where both extremes have similar outcomes that are more favorable or effective than the moderate level.