Initially,ATM's Automated Teller Machines)were Introduced So That Customers Could Make

question 109

Multiple Choice

Initially,ATM's automated teller machines) were introduced so that customers could make withdrawals from their bank accounts,day or night.As the technology improved,the machines offered a variety of services including the acceptance of deposits,the ability to get credit card advances,check your bank account balances,and even purchase prepaid cell phone credit.ATMs now offer:

• A)flexible manufacturing for its customers.
• B)lean services because it only needs to keep a certain amount of cash in each machine.
• C)technology similar to CAD.
• D)faster service and mass customization.

---

Definitions:

Xerox

A multinational corporation known for its photocopiers, printers, and digital document solutions, symbolizing photocopying.

IBM

International Business Machines Corporation, a multinational technology company known for its computer hardware, software, and IT services.

Microsoft

A global technology company known for its software products, including the Windows operating system and Office suite.

Close Substitutes

Close substitutes are products or services that can easily replace each other in the eyes of consumers due to similarities in function or characteristics.