Describe the Differences Among Make-To-Order, Assemble-To-Order, and Make-To-Stock Strategies from the Producer's

question 237

Essay

Describe the differences among make-to-order, assemble-to-order, and make-to-stock strategies from the producer's and from the customer's perspective.

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors.

United States

A country in North America, consisting of 50 states, characterized by its significant global economic, political, and cultural influence.

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and as being a major economic power with one of the world's largest economies.

Opportunity Cost

The price paid for not selecting the immediate next favorable choice during decision-making.