Describe RFID and how it can be used to help make a supply chain more effective.
What will be an ideal response?
Radio frequency identification (RFID) technologies use active or passive tags in the form of chips or
smart labels that can store unique identifiers and relay this information to electronic readers. RFID tags
contain a microchip and an antenna and typically work by transmitting a serial number via radio waves to
an electronic reader, which confirms the identity of a person or object bearing the tag. RFID tags will be
added to every product and shipping box. At every step of an item's journey, a reader scans one of the tags
and updates the information on the server. Manufactures and retailers can observe sales patterns in real
time and make swift decisions about production, ordering and pricing. Integrating RFID in the supply
chain will change the way a companies operate from managing maintenance, combating theft, to
augmenting Sarbanes-Oxley initiatives.
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Companies can enhance a brand community spirit in the following ways, except:
A) create member benefits to encourage new customers to join the group B) offer group members discounts on company merchandise C) provide materials to the group that are not available anywhere else D) involve firm employees in the group
ETG Inc, shipped and billed a heavy duty printer for $16,000 . The cost of manufacturing the printer was $12,000 . Which of the following would be one of the journal entries required to record this transaction?
a. Finished Goods 12,000; Work in Process 12,000 b. Cost of Goods Sold 12,000; Finished Goods 12,000 c. Accounts Receivable 12,000; Sales 12,000 d. Finished Goods 18,000; Sales 18,000
Because ________ collect precise information about preferences and behavior of individual buyers, a company becomes more knowledgeable about a customer and better able to anticipate and fulfill that customer's needs.
A. cookies B. wikis C. choiceboards D. collaborative filters E. social media
An expansionist capacity strategy minimizes the risks of overexpansion due to overly optimistic demand forecasts
Indicate whether the statement is true or false