Final answer:
The term that describes the exchange of data among multiple software products is interoperability.
Step-by-step explanation:
. Interoperability refers to the ability of software systems and applications to communicate and exchange data with each other seamlessly.
For example, when you copy and paste text from a web browser into a word processor, the two software products need to be able to interpret and understand the data being exchanged in order to maintain the formatting and content accurately.
Interoperability is important in the world of computers and technology because it allows different software products to work together, increasing efficiency and facilitating collaboration.