Electronic data interchange (edi) and electronic funds transfer (eft) are forms of _____ e-commerce.

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25-07-2022
Social Studies

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Electronic data interchange (edi) and electronic funds transfer (eft) are forms of _____ e-commerce.

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-05T09:59:48+02:00

Electronic data interchange (EDI) and electronic funds transfer (eft) are forms of business-to-business e-commerce.

Business-to-business (B2B) e-commerce refers to the exchange of goods, services, or information between companies rather than between companies and consumers (B2C). A business-to-business transaction takes place between two businesses, such as online merchants and wholesalers. Business-to-business (B2B) e-commerce offers the ideal platform for companies to start extensive analytics initiatives. E-commerce enables businesses to quickly assess the efficiency of their marketing initiatives, sales strategies, product mix, inventory turnover, and consumer involvement.

Compared to other company models, the B2B eCommerce model has a more stable market. B2B industries grow gradually and may adapt to a range of difficult market conditions. As a result, the commercial opportunities and online visibility are improved, and more potential clients and resellers are drawn in.

To know more about (B2B) e-commerce refer to: https://brainly.com/question/24174497

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