What Is Mass Customization

question 6

Multiple Choice

What is mass customization?

• A) A box running across a web page that is often used to contain advertisements
• B) Allows businesses to generate commissions or royalties from an Internet site
• C) A technique that induces websites or users to pass on a marketing message to other websites or users
• D) The ability of an organization to give its customers the opportunity to tailor products or services to customer's specifications

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Definitions:

Contra-Revenue Account

An account that is deducted from a company's gross revenue, which results in net revenue, examples include sales returns, allowances, and discounts.

Sales Discounts

Refers to the reduction in the amount payable by a customer if the customer pays their invoice within a specific period as defined by the seller.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible.

Allowance Method

An accounting technique used to estimate and account for potential uncollectible accounts receivable and bad debts.