Mass Customization Means Allows Service Providers to Provide Customers with Customized

question 79

True/False

Mass customization means allows service providers to provide customers with customized products at the standardized, mass-produced price.

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Definitions:

Premium

The amount paid for an insurance policy or towards a service that provides additional features or benefits, often on a regular basis like annually or monthly.

Insurer

An entity that provides insurance policies to individuals or organizations, offering protection against financial loss from specified risks.

Insurance Coverage

Protection provided by an insurance policy against financial losses from specific risks or events.

Contract

A contract that is enforceable by law, detailing the responsibilities and rights among two or more entities.