Explain the Advantages of RFID Tagging

question 16

Short Answer

Explain the advantages of RFID tagging.
Consumers can benefit from this type of tagging because it better informs manufacturers when stockouts are of worry or out-of-date products are still on shelves,which could potentially cause harm to the health of consumers.In addition,the technology would not require cashiers to scan barcodes,so time would be saved on behalf of the consumers.

---

Definitions:

Assets

Resources owned by a company or individual that have economic value and can provide future benefits.

Liabilities

Liabilities refer to financial obligations or debts that a company owes, which are expected to be settled through the transfer of assets, provision of services, or other economic benefits.

Account

A record summarizing all the transactions pertaining to a single item in the accounting equation.

Debit And Credit Side

Terms used to describe the two sides of an accounting ledger; the debit side records increases in assets and expenses and decreases in liabilities and equity, while the credit side records increases in liabilities, equity, and revenues and decreases in assets and expenses.