A Firm That Uses of Electronic Data Interchange (EDI)can Easily

question 20

True/False

A firm that uses of electronic data interchange (EDI)can easily share the information put in a standardized format between its different computers.

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Definitions:

Diminishing Marginal Utility

The principle that as a person increases consumption of a product, there is a decline in the additional satisfaction obtained from consuming one more unit.

Utility

A measure of satisfaction or pleasure that a consumer receives from consuming goods and services.

Marginal Utility Curve

A graphical representation showing the relationship between the quantity of a good consumed and the marginal utility (satisfaction) derived from it.

Negative

Refers to a detrimental or adverse condition, effect, or impact.