Examlex
Carefully define the following terms and explain their importance.
a. Variable
b. Ray
c. Slope
d. Contour map
Mass Customization
A manufacturing approach that allows for the personalization of products to meet individual customer needs at near mass production prices.
Institutional Buyers
Large organizations such as mutual funds, pension funds, and insurance companies that buy or sell large quantities of securities or goods.
Intermediate-skill Players
Individuals who have progressed beyond beginner level in a skill or sport but are not yet at an expert level.
Unit Volume
The quantity of products or goods measured in units, often used to track sales or production levels.
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