________ Capture Text or Images and Convert Them to Digital

question 38

Multiple Choice

________ capture text or images and convert them to digital format in thousands of settings.

• A)Optical scanners
• B)RFID tags
• C)Touchscreens
• D)Mainframes

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Definitions:

Economies of Scale

Economies of Scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market.

Government-Set Barriers

Regulations or policies implemented by the government that restrict entry into certain markets or industries.

Demand Curve

An illustrative chart depicting how the cost of an item correlates with consumer demand for that item.