Electronic data interchange (EDI)and electronic funds transfer (EFT)are forms of _________ e-commerce that have been around for many years.
A)consumer-to-consumer (C2C)
B)consumer-to-business (C2B)
C)business-to-business (B2B)
D)business-to-consumer (B2C)

Question

Quizplus · Accepted Answer

Electronic data interchange (EDI) and electronic funds transfer (EFT) are both examples of e-commerce between businesses, also known as business-to-business (B2B) transactions. These forms of e-commerce have been in use for many years, facilitating the transfer of data and funds between companies in a secure and efficient manner. Option A (consumer-to-consumer) and option B (consumer-to-business) are not relevant to the discussion of EDI and EFT. Option D (business-to-consumer) involves transactions between businesses and individual consumers, which is not applicable in this case.

Electronic Data Interchange (EDI)and Electronic Funds Transfer (EFT)are Forms of _________