Final answer:
An A)electronic data interchange (EDI) allows for seamless computer-to-computer transmission of business information between a retailer and its vendors, facilitating efficient operations and reflecting advancements in telecommunications and globalization.
Step-by-step explanation:
The system that involves the computer-to-computer transmission of sales data, purchase orders, invoices, and data about returned merchandise between a retailer and its vendors is known as electronic data interchange (EDI).
This technology is a critical component of modern business-to-business transactions, enabling efficient and automated communication that reduces the need for paper-based documents and streamlines supply chain operations.
The telecommunications advancements and globalization have vastly increased the ability to manage economic connections and drive competition in markets around the world.