Instead of Reading or Scanning Data from a Source Document

question 196

Multiple Choice

Instead of reading or scanning data from a source document, which of the following kinds of devices obtain data directly at the location where the transaction or event takes place?

• A)transmission
• B)data collection
• C)scanning
• D)recognition

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on willingness to pay.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, lacking competition in the supply of its goods or services.

Willingness To Pay

The highest price a consumer is willing to pay for a product or service, indicating its worth to them.

Price Discrimination

A pricing strategy where identical or very similar goods or services are sold at different prices by the same provider in different markets or to different customers, based on differences in price sensitivity.