Mass Customization Is Similar to Ultra-Customization, as the 80/20 Rule

question 101

Multiple Choice

Mass customization is similar to ultra-customization, as the 80/20 rule is similar to ________ consumer segmentation variable.

• A)behaviour
• B)usage rate
• C)benefits sought
• D)psychographic

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Definitions:

Molecular Thinking

An approach that focuses on the detailed examination and understanding of the components of a problem or system.

Inflexible Strategies

Business approaches or plans that are rigid and cannot easily adapt to changes in the market or environment, potentially leading to failure.

Nimble Tactics

Agile and adaptable strategies designed to respond quickly to change and capitalize on new opportunities.

Durability

The quality of being able to withstand wear, pressure, or damage; the ability of a product or material to last a long time without significant degradation.