Production of a Large Product Variety Without a Large Cost

question 52

Multiple Choice

Production of a large product variety without a large cost penalty is known as:

• A)market concentration.
• B)market segmentation.
• C)focused differentiation.
• D)mass production.
• E)mass customization.

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Definitions:

Symbolic Notation

The use of symbols and abbreviations to represent logical expressions, statements, and arguments.

Atomic Components

The fundamental elements or parts that make up a larger system, often considered as the most basic and indivisible units.

Contingency

A prospective happening or condition that might occur but is unpredictable with absolute certainty.

Tautology

A statement in logic and mathematics that is true in every possible interpretation, or a redundant statement that doesn't convey new information.