Many Firms Today Use RFID Technology to ________

question 46

Multiple Choice

Many firms today use RFID technology to ________.

• A) identify new target markets
• B) analyze threats and opportunities in the macroenvironment
• C) move toward environmental sustainability
• D) track their products electronically anywhere in the world, anytime, automatically
• E) track patterns of consumer online behavior

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Definitions:

Coolers

Insulated containers used to keep drinks and food cool.

Radios

Radios are devices that receive broadcast signals, converting them into audio sound waves for information and entertainment.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitors.