Which Statement Is True About Mass-Customization

question 80

Multiple Choice

Which statement is true about mass-customization?

• A) With IT, the assembly line has become obsolete.
• B) Mass-customization reduces a manufacturer's output.
• C) With mass-customization, equipment can be changed quickly for each customer's order.
• D) Mass-customization is becoming outdated in the automotive industry.

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Definitions:

Utility Maximizing

The process by which individuals allocate their resources to achieve the highest level of satisfaction possible.

Bundle

A collection of goods or services sold together as a single package, often at a discounted rate compared to purchasing the items separately.

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming another unit of a product or service.

Utility Maximizing

The principle that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices with the resources available.