Demand for a Finished Product Is Known as Dependent Demand

question 31

True/False

Demand for a finished product is known as dependent demand.

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Definitions:

Mass Customization

A business strategy that combines the efficiency of mass production with the personalization aspects of custom-made goods or services.

Make-to-order

A manufacturing process in which products are created after a confirmed order is received, allowing for customization.

Primary Activities

Core functions or processes of a business that directly add value to a product or service, including production, marketing, sales, and service.

Production and Distribution

The processes involved in creating products or services and making them available to consumers, encompassing manufacturing, logistics, and sales channels.