What Is the Ability of an Organization to Tailor Its

question 108

Multiple Choice

What is the ability of an organization to tailor its products or services to the customers' specifications?

• A) Personalization
• B) Long tail
• C) Mass customization
• D) Information reach

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Definitions:

Sample Statistic

A numerical measurement describing a characteristic of a sample, used to estimate a population parameter.

Coefficient of Variation

A measure of relative variability that expresses the standard deviation as a percentage of the mean.

Hourly Wages

Compensation or earnings calculated by the hours worked.

Variance

A measurement of the spread between numbers in a data set, indicating how much the numbers differ from the mean of the set.