Which of the Following Statements Explain Mass Customization

question 6

Multiple Choice

Which of the following statements explain mass customization?

• A) Firms tailor their products and services to meet a customer's particular needs on a large scale.
• B) Firms immediately provide communication to and receive feedback from customers.
• C) Firms provide ways for clients to conduct business online without human assistance.
• D) Firms market their products and services over vast distances.
• E) Firms link Web sites to corporate databases to provide real-time access to personalized information.

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Definitions:

Financing

The act of providing funds for business activities, making purchases or investing.

Debt

Money owed by one party to another, usually reflected as loans, bonds, or lines of credit that must be repaid with interest.

Cost Of Debt

The effective interest rate that a company pays on its total debt, serving as a measure of the expense of borrowing.

Yield To Maturity

The total return anticipated on a bond if it is held until the maturity date, considering all payments of interest and principal against the current market price.