Examlex
Radio-frequency identification (RFID) uses electronic tags and labels to identify objects wirelessly over short distances.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in average costs with increased output.
Total Fixed Cost
Total Fixed Cost is the sum of all costs that remain constant regardless of the level of production or business activity.
Economies of Scale
Businesses gain cost benefits from increasing their scale of operations, leading to a decline in the cost per unit of output as the production size enlarges.
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