An Advance in Technology Called RFID Makes It Easier for Manufacturers,distributors,and

question 83

Multiple Choice

An advance in technology called RFID makes it easier for manufacturers,distributors,and retailers to track items through production,distribution,and sales.This advance helps the firm

• A) increase value to the consumer through media effectiveness promotion.
• B) tailor its marketing messages.
• C) meet inventory needs.
• D) communicate with consumers on social media sites.
• E) replace services with products.

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Definitions:

Expected Inflation

An estimation of the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Real

Pertaining to tangible or actual assets, situations, or values, as opposed to hypothetical or projected ones.

Relative Purchasing Power Parity

This economic theory suggests that the exchange rate between two currencies will adjust to reflect changes in the price levels of the two countries, maintaining the purchasing power of each currency.

Expected Inflation

The rate at which prices for goods and services are anticipated to rise over a future period, as forecasted by economists or financial markets.