Rather Than Forcing Customers to Select Vehicles Already on the Lot,some

question 112

Multiple Choice

Rather than forcing customers to select vehicles already on the lot,some automobile manufacturers today allow customers to select features on company web sites before the car is manufactured.These customized orders are sent to the manufacturing assembly lines.Within days,custom-feature vehicles are shipped to a dealer closest to the customer.This is an example of

• A) Individual production
• B) Mass customization
• C) Mass production
• D) Niche customization

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Definitions:

Direct Exchange

Trading goods or services directly between parties without using money as an intermediary.

Eurobond

A bond issued in a currency other than the currency of the country or market in which it is issued.

International Bond

A debt investment that is issued in a country by a non-domestic entity, potentially denominated in a foreign currency, and sold to investors from around the world.

Purchasing Power Parity

Purchasing power parity is an economic theory that compares different countries' currencies through a "basket of goods" approach, assuming that exchange rates should adjust so that identical goods cost the same in different countries.