Mass Customization Is an Important Production Method to Marketers Because

question 75

Short Answer

Mass customization is an important production method to marketers because
it promotes loyal customers.
it allows marketers to provide products that satisfy specific needs of consumers.
it speeds the production cycle, providing time utility to customers.
its focus on delivering quality products leads to customer satisfaction.
it ensures profitability.

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Definitions:

Uncollectible Accounts

Refers to receivables that a business has determined are unlikely to be collected due to customer default.

Aging

A method used in accounting to categorize a company's accounts receivable according to the duration of time an invoice has been outstanding.

Allowance Account

An account used to reduce the carrying amount of accounts receivable or loans to their net realizable value, reflecting expected losses due to uncollectibility.

Aging

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.