Electronic Data Interchange and Business Processes

.
A(n) ____ is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.
A) Electronic data interchange (EDI)
B) Business processes
C) Trading partners
D) Transaction
2.
The group of logical, related, and sequential activities and transactions in which businesses engage are often collectively referred to as ____.
A) Electronic data interchange (EDI)
B) Business processes
C) Trading partners
D) Transaction
3.
____ occurs when one business transmits computer-readable data in a standard format to another business.
A) Electronic data interchange (EDI)
B) Business processes
C) Trading partners
D) Transaction
4.
Businesses that engage in EDI with each other are called ____.
A) Electronic data interchange (EDI)
B) Business processes
C) Trading partners
D) Transaction
5.
A(n) ____ is a product or service that is hard to distinguish from the same products or services provided by other sellers; its features have become standardized and well known.
A) Business Model
B) Revenue Model
C) Commodity ITem
D) Shipping Profile
6.
A(n) ____ is a specific collection of business processes used to identify customers, market to those customers, and generate sales to those customers.
A) Business Model
B) Revenue Model
C) Commodity ITem
D) Shipping Profile
7.
A(n) ____ is a set of processes that combine to achieve a company’s goal, which is to yield a profit.
A) Business Model
B) Revenue Model
C) Commodity ITem
D) Shipping Profile
8.
A product’s ____ is the collection of attributes that affect how easily that product can be packaged and delivered.
A) Business Model
B) Revenue Model
C) Commodity ITem
D) Shipping Profile
9.
The practice of an existing firm replacing one or more of its supplier markets with its own hierarchical structure for creating the supplied product is called ____.
A) Transaction costs
B) Business unit
C) Network effect
D) Vertical integration
10.
As more people or