Which of the Following Statements Is True of Mass Customization

question 27

Multiple Choice

Which of the following statements is true of mass customization

• A) It involves the commercialization of a device, method, or idea that differs from existing norms.
• B) Flexibility is manifested in mass-customization strategies that are becoming increasingly prevalent today.
• C) It requires companies to align their operations around quality.
• D) Goods and services produced by a firm through mass customization are available only in the country where the firm is located.

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Definitions:

Depletion Expense

An accounting approach to allocate the cost of extracting natural resources, such as minerals or timber, over the period those resources are consumed.

Straight-line Method

A method of calculating depreciation whereby an asset's cost is evenly spread over its useful life.

Salvage Value

The estimated residual value of an asset at the end of its useful life, often considered for depreciation calculations.

Useful Life

The estimated duration a fixed asset is expected to be economically usable, with normal repairs and maintenance, for it to generate revenue.