Final answer:
A(n) Electronic Data Interchange (EDI) system. involves the computer-to-computer transmission of sales data, purchase orders, invoices, and data about returned merchandise between a retailer and its vendors. Option A
Step-by-step explanation:
The correct answer is A. Electronic Data Interchange (EDI) system. A Electronic Data Interchange (EDI) system allows the computer-to-computer exchange of business documents in a standard electronic format between business partners. Such systems are vital for efficiency in modern supply chain management.
They enable the automatic transmission of critical data such as sales data, purchase orders, invoices, and information regarding returned merchandise. Utilizing telecommunications for activities like EDI has significantly reduced costs and improved the ease of managing long-distance commercial relationships in production and sales.
EDI systems are a pivotal component in the global economy, where telecommunications play a central role in making economic exchanges more manageable and cost-effective. Not only do they facilitate the exchange of physical goods, but they also support the trade in services and digital products, such as computer software or financial advice.
With the growth of international trade, spurred by various international agreements, EDI systems have become important for companies looking to streamline their interactions with vendors across the globe. Option A