A Make-To-Order Firm Will Work with the Customer to Design

question 39

True/False

A make-to-order firm will work with the customer to design the product and then make it from purchased materials, parts, and components.

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for greater variety and availability of products, economies of scale, and increased efficiency.

Achieve

To successfully reach a desired or intended goal through effort, skill, or courage.

Marginal Cost

The heightened cost involved in the production of one additional product or service unit.

Marginal Benefits

The supplementary benefit or enjoyment a person gets by consuming another unit of a good or service.