Which of the Following Is True of Mass Customization

question 49

Multiple Choice

Which of the following is true of mass customization?

• A)It results in a lower cost to firms when compared to standardized services.
• B)It results in giving each customer whatever he or she asks for.
• C)It is useful only to service firms and not to manufacturing firms.
• D)It is based on the tenet that the needs,wants,or desires of all customers are the same.

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Definitions:

Return On Total Assets

A measure of a company's profitability relative to its total assets, indicating how effectively it uses its assets to generate earnings.

Return On Common Stockholders' Equity

A financial ratio that measures the amount of net income returned as a percentage of shareholders' equity, indicating the profitability of a company from the shareholders' perspective.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects cash from its credit sales by calculating the number of times average accounts receivable are collected during a period.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period.