Many companies use RFID product labels on their goods, which exemplifies the ________ environment in business.

Question

Quizplus · Accepted Answer

RFID (Radio Frequency Identification) technology is used to track and manage products, inventory, and assets in various industries. The use of RFID product labels exemplifies the technological environment in business. The technological environment includes all the advancements in technology that affect the business operations and the market. The use of RFID technology improves supply chain efficiency and accuracy in inventory management, which is crucial in meeting customer demand and maintaining competitiveness in the market. Therefore, the use of RFID product labels demonstrates the impact of technological advancements on the business environment.

Many Companies Use RFID Product Labels on Their Goods, Which