EDI Document Structures Are Defined By

question 50

Multiple Choice

EDI document structures are defined by:

• A) a single international standards body.
• B) by individual suppliers and buyers.
• C) industry committees.
• D) each purchaser.

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Definitions:

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Price Fixing

An illegal practice where competing companies agree on selling prices of their products or services, rather than allowing market forces to set them.

Price Discrimination

A practice of charging different prices to different customers for the same product or service, where such differences are not justified by differences in cost.

Discounted Price

A reduced price offered on goods or services, typically to stimulate sales or clear out inventory.