Examlex
Technological efficiency occurs when the firm produces a given output by using the least amount of inputs.
Artificial Intelligence
The simulation of human intelligence processes by machines, particularly computer systems, encompassing learning, reasoning, and self-correction.
Augmented Reality
An interactive experience of a real-world environment where objects in the real world are enhanced by computer-generated perceptual information.
Smart Speaker
A type of wireless speaker integrated with virtual assistant technology that offers interactive actions and hands-free activation through voice commands.
Ultimate Consumer
The end-user of a product or service who purchases or experiences it for personal use, not for resale or further production.
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