Which of the Following Is Not Considered to Be a Benefit

question 104

Multiple Choice

Which of the following is not considered to be a benefit of EDI?

• A)Increased human interaction
• B)Reduced paperwork
• C)Improved data accuracy
• D)Improved tracking capability
• E)Reduced clerical costs

---

Definitions:

Dominant Price Leader

A dominant firm that sets the price of a good or service within the market, which other firms then follow, often seen in oligopolistic markets.

Monopolist

An individual or entity that has exclusive control over the supply of a particular good or service, potentially influencing prices and market conditions.

Duopoly

An oligopoly where only two firms dominate the market or industry, often resulting in competitive or strategic behavior.

Oligopoly

A market structure characterized by a small number of firms whose control over the market is significant enough to influence prices and other market factors.