Which of the Following Is a True Statement About the Benefits

question 88

Multiple Choice

Which of the following is a true statement about the benefits of RFID technology?

• A) It allows firms to track products and customers at various points in the distribution channel.
• B) The chips are used to track shipments but not individual items.
• C) The chips do not risk invading people's privacy.
• D) Sharing of data decreases the buying experience for consumers.
• E) The technology will be available for the foreseeable future, allowing companies to fully invest in its capabilities.

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Definitions:

Pricing Errors

Instances where the listed price of a good or service differs from the intended or market appropriate price due to typographical, calculation, or understanding errors.

Excess Capacity

A situation where a company can produce more than is required to meet the demand, often leading to inefficiencies and increased costs.

Bidding Strategy

An approach used by businesses or individuals when competing for contracts or projects, involving how they price their bids to win the work while aiming to maximize profits.

Incremental Costs

The additional costs incurred when a business increases its level of output or activity by one unit.