Question

The use of electronic data interchange (EDI) to conduct sales electronically has both risks and benefits. Which of the following is a benefit of EDI, rather than a risk?

A. Incomplete audit trail
B. Repudiation of sales transactions
C. Unauthorized access
D. Shorter inventory cycle time

Answer 1

One way a seller of goods can reassure a potential buyer faced with imperfect information is by providing warranties or guarantees. Another way is by providing clear and accurate product descriptions. Additionally, sellers can share positive customer reviews and testimonials to build trust with potential buyers.

Step-by-step explanation:

One way a seller of goods can reassure a potential buyer faced with imperfect information is by providing warranties or guarantees. For example, if a buyer is concerned about the quality or reliability of a product, the seller can offer a warranty that covers any defects or malfunctions.

Another way to reassure buyers is by providing clear and accurate product descriptions. This includes providing detailed information about the features, specifications, and benefits of the product, as well as any relevant certifications or awards it has received.

Additionally, sellers can share positive customer reviews and testimonials to build trust with potential buyers. By showcasing the experiences and satisfaction of previous customers, sellers can alleviate concerns and demonstrate the value and quality of their products.