Which of the following is a true statement about the benefits of RFID technology?
A) It allows firms to track products and customers at various points in the distribution channel.
B) The chips are used to track shipments but not individual items.
C) The chips do not risk invading people's privacy.
D) Sharing of data decreases the buying experience for consumers.
E) The technology will be available for the foreseeable future, allowing companies to fully invest in its capabilities.

Question

Quizplus · Accepted Answer

RFID (Radio Frequency Identification) technology allows firms to track products and customers at various points in the distribution channel. This is achieved by attaching RFID tags to individual items, which can then be scanned and tracked at different stages of the supply chain. This allows companies to improve their inventory management and supply chain operations, and also enables them to gain insights into consumer behavior and preferences. Therefore, option A is the correct statement about the benefits of RFID technology.
Option B is incorrect because RFID technology is used to track both shipments and individual items.
Option C is incorrect because RFID technology does pose a risk to people's privacy, as the tags can potentially be used to track individuals without their knowledge or consent.
Option D is also incorrect because sharing data can actually enhance the buying experience for consumers, as it allows companies to offer personalized recommendations and promotions.
Option E is partially correct, as RFID technology is likely to be available for the foreseeable future. However, this does not necessarily mean that companies will fully invest in its capabilities, as there may be other factors that impact their decision to adopt the technology.

Which of the Following Is a True Statement About the Benefits