Mass Customization Makes Use of the Concept of

question 21

Multiple Choice

Mass customization makes use of the concept of

• A) economies of scale.
• B) economies of scope.
• C) economies of variety.
• D) economies of customization.

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Definitions:

Discount on Bonds Payable

The amount by which a bond's selling price is less than its face value.

Bonds Payable

Long-term liabilities representing the amount a corporation owes to bondholders by a specified maturity date.

Contract Rate

The agreed-upon interest rate specified in a contractual agreement, such as a loan or bond.

Market Rate

The prevailing interest rate available in the marketplace on investments or loans.