Question

1. Name 2 technologies, other than GPS or GIS, used to track inventory throughout the Supply Chain.

2. Many service enterprises exist to serve only the _________________ sector.

3. Why do local and state governments give corporate welfare (incentives) to businesses?

4. Rolling stock should be kept __________ and fully ___________.

Answer 1

1)Technologies other than GPS and GIS used to track inventory through the supply chain: a)Radio Frequency Identification (RFID), Wireless Local Area Network (WLAN).

RFID: This tracking system uses a chip that is being attached to the customer's goods and other objects so that the movement can be traced easily and accurately. These RFID tags are submissive and only prompt data if requested or initiated by a reader. The reader then transmits radio waves that will activate the RFID tag. The tag then transmits the relevant information through a pre-determined radiofrequency. This information captured is then transmitted to a central database.

WLAN: These devices are used to pass data over radio waves and provide users with a network with a range of 70 to 300 fee

2)Many service enterprises exist to serve only the ____manufacturing_____________ sector.

Services are main tool in the whole process of manufacturing and many experts limit their service to their sector only.

3)Governments offer incentives as they think that a firm will add or infuse money to the development of the local economy . Subsidies are grants, or sums of money, that governments give firms in an effort to boost business and it can be in the form of incentives.

4)Rolling stock should be kept ____rolling______ and fully _____loaded______.

The term rolling stock refers to any kind of powered or unpowered conveyance that moves on a railway, including coaches, locomotives, railroad cars, and wagons and hence it must be fully loaded otherwise it will increase the cost .