A Streamlined Process That Bypasses Paper Documents Altogether and in Which

question 87

Multiple Choice

A streamlined process that bypasses paper documents altogether and in which computers of retailers communicate directly with the computers of suppliers to automate routine business transactions is known as ________.

• A) Real Time Gross Settlement
• B) Electronic Data Interchange
• C) Electronic Fund Transfer
• D) Evaluated Receipts Settlement

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Definitions:

Corporate Customers

Businesses or organizations that purchase goods or services for use in their operations, as opposed to individual consumers.

Stalling Objection

A type of sales objection where the customer postpones a purchase decision, often requiring additional persuasion or information.

Decision

The conclusion or resolution reached after consideration, often relating to choices in life, business, or the purchasing process.