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Discuss the Three General Approaches to Developing Competitive Advantage

question 79

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Discuss the three general approaches to developing competitive advantage:


Definitions:

EDI

Electronic Data Interchange, a computer-to-computer exchange of business documents in a standard electronic format between business partners.

Number Of Standards

The term "Number Of Standards" refers to the count of formal guidelines, criteria, or specifications established by recognized bodies to ensure quality, safety, and efficiency.

Communication Standard

A set of technical rules and guidelines that dictate how data is transmitted and received over a network.

EDI

Electronic Data Interchange, a standardized way of exchanging business documents and data electronically between organizations.

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