To Implement a Secure Electronic Data Interchange (EDI) System Between

question 26

Multiple Choice

To implement a secure Electronic Data Interchange (EDI) system between two or more companies, they might use a(n) :

• A) online transaction entry (OLTE)
• B) value-added network (VAN)
• C) online transaction data (OLTD)
• D) online real-time (OLRT)

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Definitions:

Planning Stage

The initial phase in a process where objectives are set and strategies are outlined.

Marketing Mix

A foundational marketing model comprising four key components: product, price, place, and promotion, used in developing a marketing strategy.

Situation Analysis

A systematic collection and evaluation of past and present economical, political, social, and technological data, aimed at identification of internal and external forces that may influence the organization's performance.

Strategic Marketing Process

An organized technique for planning, executing, and evaluating marketing plans aimed at meeting business targets.