The Picture Below Is an Example of An) _______________________

question 101

Multiple Choice

The picture below is an example of an) _______________________.

• A) Mobile bar code
• B) Augmented reality code
• C) QR Quick Response) code
• D) Mobile Visual Search code

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Definitions:

Industry Concentration

A measure of the extent to which a small number of firms dominate the total production, sales, or market share in an industry.

Pure Competitors

In a purely competitive market, companies sell products that are perfect substitutes for one another, leading to no control over market prices by individual firms.

R&D

Short for Research and Development, it refers to the activities undertaken by companies and organizations to innovate and introduce new products or services.

Innovation

The act of turning a concept or innovation into a product or service that adds value or that consumers are willing to purchase.