Tailoring a Good or Service to the Unique Specifications of Individual

question 6

Multiple Choice

Tailoring a good or service to the unique specifications of individual customers is known as _____.

• A)mass production
• B)target marketing
• C)customer service
• D)mass customization

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Definitions:

Stable Demand

Describes a market condition where the demand for a particular product or service remains consistent over time.

Static Budget

A budget that does not change or adapt with variations in sales volume or business activity levels, typically set for a specific period.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Direct Materials

Direct materials refer to raw materials that are directly used in the production of goods, readily traceable to the finished product.