Which Type of Technology Provides "Point-Of-Sale Information

question 108

Multiple Choice

Which type of technology provides "point-of-sale information?"

• A) Automatic guided vehicles (AGV)
• B) Automatic storage and retrieval systems (ASRS)
• C) Barcode scanners
• D) Flexible manufacturing systems (FMS)
• E) Computer aided design/computer aided manufacturing (CAD/CAM)

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Definitions:

Market Power

The ability of a firm or group of firms to influence the price of goods or services in a market.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and easy entry and exit, leading to price-taking behavior.

Variable Costs

Costs that vary directly with the level of output or business activity, such as materials and labor.