Electronic Data Interchange (EDI) Enables ____ Inventory Systems, Which Rely

question 82

Multiple Choice

Electronic data interchange (EDI) enables ____ inventory systems, which rely on computer-to-computer data exchange to minimize unnecessary inventory.

• A)CRM
• B)TCO
• C)JIT
• D)RFID

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Definitions:

Government Payments

Financial transfers made by the government to individuals, businesses, or other governments, often as part of welfare, subsidy programs, or for procurement of services and goods.

Market Units

Denotes the standardized quantities or measures used to specify transactions in a particular market.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.

Government Policy

Principles and actions by which a government aims to influence or control the economy, social and financial matters.