Respiration involves following steps:
A. Diffusion of gases O2 and CO2 across alveolar membrane.
B. Transport of gases by blood.
C. Utilization of O2 by cell for catabolic reaction and resultant release of O2.
D. Pulmonary ventilation by which atmospheric air is drawn in and CO2 rich air is released out.
E. Diffusion of O2 and CO2 between blood and tissue.