Raster graphics are made up of pixels and have a fixed resolution, so resizing can result in distortion. Vector graphics are made up of paths defined by points and curves, so there is no quality loss when resizing. Common file formats include JPEG for photographs, TIFF for publishing, GIF for small files like emails, and BMP from Paint. Vector formats include PSD for Photoshop layers, AI for logos, and FLA for animations. Compressing files reduces size but can lower quality, while optimizing removes unnecessary data without affecting quality. File size depends on layers and scaling before exporting preserves quality. Accurate naming and folders aid organization.