Examlex
In stratified random sampling,once each strata is defined then independent random samples are drawn from each strata.
Mass Customization
A production strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
Process Focus
A management strategy that emphasizes the importance of processes, or series of actions, in achieving efficiency, quality, and customer satisfaction in production or service delivery.
Low Volume
Refers to the production or sale of goods in relatively small quantities.
High Variety
Pertains to offering a wide assortment of products or services within a category, often aimed at catering to diverse customer preferences and enhancing market reach.
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