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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:

Variable Cost

Costs that vary in proportion to the volume of output or activity, such as materials and labor.

Monthly Interest Rate

The percentage of interest charged or earned on a loan or investment over a month.

Invoice Date

The date on which an invoice is generated, marking the beginning of the payment terms period.

Propellerhead Software

A music software company known for creating Reason, a popular digital audio workstation used by musicians and producers.

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