Major Retailers Like Wal-Mart See the Value in Using RFID

question 5

True/False

Major retailers like Wal-Mart see the value in using RFID as a way of gathering information and are demanding their use in many of their products.

---

Definitions:

FOB Destination

A shipping term indicating that the seller bears freight charges and retains ownership of goods in transit until they are delivered and accepted by the buyer.

Perpetual Inventory System

A method of inventory management where updates are made continuously to record sales and purchases.

Credit Memo

A document issued by a seller that reduces the amount owed by a buyer, typically due to a return or rebate.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer assumes responsibility for the goods and their transportation costs from the point of departure.