Mass Customization Describes a Company's Ability to Use Flexible Manufacturing

question 5

True/False

Mass customization describes a company's ability to use flexible manufacturing technology to reconcile the two goals of low cost and differentiation through product customization.

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Definitions:

Total Sales

The sum of all sales revenue within a given period.

Sales

The total revenue generated from the sale of goods or services by a company within a specific period.

Annual Revenue

The total income generated by a business over a one-year period from its normal business operations.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.