Mass Customization Is a Strategy of Convincing Customers to Choose

question 215

True/False

Mass customization is a strategy of convincing customers to choose from a relatively small number of alternatives in order to achieve the efficiencies of mass production.

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Definitions:

Variance Reports

Documents that show the difference between planned and actual financial performance.

Internal Reports

Reports generated within an organization, intended for internal strategic decision-making and performance evaluation.

Labor Price Variance

The difference between the actual cost of labor and the standard or budgeted cost of labor over a period.

Direct Labor Cost

The total cost of work done by employees who are directly involved in the manufacture of a product or in performing a service.