Complete this sentence: E.D.I - Leaving Cert Business - Question 5 - 2002
Question 5
Complete this sentence: E.D.I. helps a business to:
Worked Solution & Example Answer:Complete this sentence: E.D.I - Leaving Cert Business - Question 5 - 2002
E.D.I. helps a business to reduce the costs of paper records for transactions
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By using Electronic Data Interchange (EDI), businesses can minimize the expenses associated with maintaining paper records, leading to cost savings.
E.D.I. helps a business to reduce the costs of time by personnel through use of computers
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EDI streamlines communication and transactions, allowing personnel to save time as they manage processes digitally rather than manually.
E.D.I. helps a business to retain important customers
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Through the efficiency and reliability that EDI provides, businesses can enhance customer satisfaction, helping to retain vital clients.
E.D.I. helps a business to reduce the costs of processing transactions
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The automation of processes through EDI leads to lower transaction processing costs, as it minimizes manual input and errors.
E.D.I. helps a business to reduce the risk of error
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By reducing manual handling of data, EDI significantly decreases the likelihood of errors that can occur in transactions.
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