A Pathway Allowing Retailers and Vendors to Electronically Exchange Data

question 1

Multiple Choice

A pathway allowing retailers and vendors to electronically exchange data and set criteria for re-ordering:

• A)Electronic data interchange
• B)Point of Sales
• C)Quick Response
• D)Universal Product Code

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Definitions:

Obligation to Pay

A legal or financial commitment to make payments to another party or entity.

Paying Cash

The act of settling a transaction or paying an expense with physical currency or cash equivalents at the time of purchase.

Check Form

A paper instrument that instructs a financial institution to pay a certain amount of money from a person's account to the designated recipient.

Purchase

The act of buying goods or services, resulting in a financial transaction.