The
Definition Of

RFID

RFID is an automatic identification method in which information can be stored and remotely retrieved. It’s similar to, but more sophisticated than, the old familiar bar code.

Share it:

More from this Section

  • Self-serving bias
    Self-serving bias means the tendency for individuals to attribute their success to internal factors while putting the blame for failures on external
  • Human relations view of conflict
    The view that conflict is a natural and inevitable outcome in any group and need not be negative but has potential to be a positive force in
  • Tangible assets
    Tangible assets are the easiest “resources” to identify and are often found on a firm’s balance sheet.
  • Franchising
    A special form of licensing is franchising, which allows the franchisee to sell highly publicized product or service, using the parents brand name or trademark, carefully developed procedures, and marketing strategies.
  • Cross-functional teams
    Cross-functional teams, which are work teams composed of individuals from various functional specialties. Ford’s material planning
  • Functional structure
    A functional structure is an organizational design that groups similar or related occupational specialties together. You can think of this structure
  • Behavioral component
    Behavioral component is the part of an attitude that refers to an intention to behave in a certain way toward someone or something.