What Is Mass Customization

question 33

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 Web sites or users to pass on a marketing message to other Web sites 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:

Regulations

Rules and standards created and enforced by government agencies to control or govern conduct within various sectors, industries, and activities.

External Cost

Costs that result from economic activities and are not reflected in market prices, often borne by a third party or society at large.

Mixed Economies

Economic systems that combine elements of both capitalism and socialism, featuring a blend of government intervention and private enterprise.

Marx

Karl Marx, a 19th-century philosopher and economist known for his ideas about capitalism and communism.