In relation to Concentrators, what is meant by "economy"?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Prepare for the Certified Compensation Professional (CCP) Electronic Transactions Association (ETA) Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance your understanding. Get ready for your CCP exam today!

In the context of concentrators, "economy" primarily refers to reducing operational costs. Concentrators are typically used to aggregate and manage multiple data streams or transactions efficiently, enabling organizations to streamline their operations and minimize resource expenditures. By utilizing concentrators effectively, a business can consolidate its processing capabilities, leading to reduced redundancy and lower operational costs. This outcome is essential for companies looking to optimize their financial performance in an increasingly competitive market.

While improving speed, customer satisfaction, or expanding service offerings may be beneficial outcomes of using concentrators, they are not directly related to the concept of "economy." Instead, the emphasis here is on achieving cost efficiency, allowing businesses to maximize profitability while maintaining operational effectiveness.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy