Tag: Technology

Products And – Or Services – Defining "Service-Oriented" Products and the Related Role of Technology

The economy can be analyzed using both market-driven and production-driven approaches to industry classification. The North American Industry Classification System (NAICS) uses a market-driven approach; the older Standard Industrial Classification (SIC) uses a production-driven approach. Under a market-driven approach, the economy comprises goods-producing and service-providing industries. Goods-producing industries include:

Pros and Cons of RFID Technology

I. RFID Advantages Radio Frequency Identification provides a valuable service that is capable of revolutionizing the way companies track products. There are many benefactors of this technology: the military, retailers, suppliers, consulting firms, producers of the technology, and consumers. RFID provides companies with a better alternative to bar-coding because

Characteristics of Modern Media Technology

Media has evolved a lot. Modern media depends on Technology to send information or gather them at a faster speed. The following are the characteristics:   Speed: The information reaches at a faster speed.      Reach: The information must have mass reach.   Preventing Calamities: Modern media broadcasts
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