Mass Service Is Characterized by ______

question 50

Multiple Choice

Mass service is characterized by ______.

• A)high variety
• B)high volume
• C)low cost
• D)extensive customization

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Definitions:

Call for Tenders

A formal invitation to suppliers to bid on supplying goods or services under specified conditions.

Prospective Bidders

Prospective bidders are individuals or entities that may be interested in submitting a bid or offer to acquire goods, services, or assets that are being offered.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the latter fails to fulfill them.

Gummed Seal

A type of adhesive closure used on envelopes and packages that becomes sticky when moistened.