Mass Customization Makes Use of the Concept Of

question 12

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:

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy, provided yearly to shareholders and the public.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and having the ability to own property, sue, and be sued.

State

An organized political community under one government; a nation or territory.

Promoters

Individuals or companies that undertake the preliminary activities of organizing or setting up a new business or venture.