Examlex
Functional managers have the ability to come up with strategic initiatives that may influence the direction of the company.The reason for this is?
Mass Customization
A strategy that allows consumers to personalize specific aspects of a product while still producing it in large volumes, combining the benefits of mass production with individual customization.
Online Shopping
The act of purchasing products or services over the Internet, allowing consumers to buy goods from the comfort of their own homes.
Value Cocreation
A business strategy that emphasizes the collaboration between companies and customers to produce mutual value.
Production Processes
The methods and sequences of operations used by manufacturers to produce goods, involving material selection, fabrication, and assembly.
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