The use of electronic transmission of data between buyer and seller to order and maintain product inventory is:
A) Electronic funds transfer
B) Electronic lockbox
C) Wholesale lockbox
D) Electronic data interchange
E) Electronic marketing

Question

Quizplus · Accepted Answer

Electronic data interchange (EDI) is a system for electronically transmitting data between businesses, including orders and inventory updates. This allows for more efficient and accurate communication and management of inventory levels between buyer and seller.

The Use of Electronic Transmission of Data Between Buyer and Seller