Which of the Following Statements Is True of Mass Customization

question 20

Multiple Choice

Which of the following statements is true of mass customization?

• A)​It focuses on customizing rather than standardizing products.
• B)It cannot cater to the needs of different customer groups.
• C)It uses technology to customize the products of a firm.
• D)​It does not respond to individual customers' needs.

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Definitions:

Accruals

Accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction takes place.

Unrecorded Expense

An expense that has been incurred but not yet documented or reported in the accounting records.

Unrecorded Revenue

Revenue that has been earned but has not yet been documented in the accounting records.

Revenues

The income generated from normal business operations, often from the sale of goods and services to customers.