Mass Customization Reconciles the Two Goals Of

question 109

Multiple Choice

Mass customization reconciles the two goals of:

• A) mass production and long production runs.
• B) standardization and economies of scale.
• C) high fixed costs and single production facility.
• D) low cost and product customization.
• E) local responsiveness and decentralized production.

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Definitions:

Random Variable

A variable that varies based on the results of a chance event.

Average Value

The sum of all the values in a set divided by the number of values in the set.

Radar Equipment

Equipment designed to detect the presence, direction, distance, and speed of objects by using radio waves to bounce off the objects and return data.

Continuous

Refers to a variable or process that can assume an infinite number of values within a given range.