Examlex

Solved

Mass Customization Is Not Exclusive to Product-Intensive Businesses

question 129

True/False

Mass customization is not exclusive to product-intensive businesses. Service businesses have learned how to use mass customization to serve their customers.


Definitions:

Manufacturing

The method of transforming unfinished materials, components, or pieces into final products that satisfy a customer’s expectations or standards.

Product Units

Discrete pieces or quantities of items that have been produced and are often counted, measured, or sold individually.

Flexibility of Practice

The capacity of a firm or practitioner to adjust and adapt procedures or methods in response to different situations or requirements.

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of making informed business decisions.

Related Questions