Gillette Has Used RFID to Determine Whether Stores Have Stocked

question 50

Multiple Choice

Gillette has used RFID to determine whether stores have stocked their shelves with particular items for a particular promotion.They found that in those stores that used RFID to move a product from the backroom to the shelf before a promotion started,sales were ________ than those that did not move the product in a timely manner.

• A) 8 percent higher
• B) 18 percent higher
• C) 28 percent higher
• D) 48 percent higher

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Definitions:

Unemployed Resources

Factors of production that are not currently being used to their full potential.

Production Possibilities Frontier

A curve depicting the maximum feasible amounts of two different goods that can be produced with available resources and technology.

Aggregate Supply Curve

A graphical representation showing the total supply of goods and services that firms in an economy are willing and able to produce at different price levels.

Maximum Output Level

The highest quantity of goods or services an economy or enterprise can produce using its current resources and technology.