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The Customers of a Nationalized Bank Recently Received Emails from a Fake

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The customers of a nationalized bank recently received emails from a fake ID asking them to make a phone call to a number mentioned in the mail and provide information regarding their account numbers,recent transactions and online passwords.The mail informed them that it was a check being conducted by the bank to update their personal information.This is an example of:


Definitions:

Product Variety

Refers to the different types and variations of products available in a market or offered by a company.

Excess Capacity

A scenario where a firm’s production capability exceeds the demand for its product, often leading to inefficiency and increased costs.

Product Variation

The process of making slight adjustments to a product's features, design, or offerings to differentiate it from competitors’ products.

Average Total Cost

The total cost of production divided by the number of units produced, representing the average cost per unit.

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