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Explain the relationship between the budget constraint and indifference curve at a consumer's optimum.
Customization
The process of modifying products or services to meet specific customer needs or preferences.
Efficiency
The ability to achieve a goal or desired outcome with minimal waste of time, effort, or resources.
Quasi-Custom Product
Products that are tailored to meet specific customer needs or preferences while being based on standard components or modular designs.
Repetitive Focus Facilities
Production facilities designed for the efficient manufacture of a high volume of similar products.
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