Final answer:
The standard business format of EDI refers to the standardized way that data is formatted for electronic exchanges between businesses, thereby allowing for automated processes and interoperability between different computer systems.
Step-by-step explanation:
The standard business format aspect of EDI, which stands for Electronic Data Interchange, refers to the structured way in which data is formatted and exchanged between business entities. This allows for seamless automation and integration of business processes, such as procurement and invoicing. The use of standard formats is crucial because it ensures that different systems can understand and process the data correctly. For example, EDI standards such as ANSI X12 in the United States and EDIFACT internationally provide a common language for businesses to exchange documents electronically. Conforming to these standards means that the data sent from one computer system to another will be in a format that the receiving system can recognize and interpret correctly, enabling efficient and accurate electronic transactions without manual intervention.