_____ Is Best Described as the Process of Manufacturing a Large

question 71

Multiple Choice

_____ is best described as the process of manufacturing a large variety of tailor-made products or services at a relatively low unit cost.

• A) Just-in-time manufacturing
• B) Mass customization
• C) Unit-cost production
• D) Product diversification

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Definitions:

Debt

Money owed by one party to another under the condition that it will be paid back, often with interest.

Statute Law

Written laws enacted by a legislative body, governing various aspects of societal conduct.

Lesser Sum

Refers to an amount of money that is smaller in comparison to another figure or expectation.

Obliged

Required or bound legally or morally to do something.