Model E Is a New Type of Car Manufacturer That

question 169

Multiple Choice

Model E is a new type of car manufacturer that relies on the Internet to build new car designs from prototypes to marketable vehicles much faster than ever before."Think of Model E as the Dell of the auto industry.We design just a few products that consumers truly want,leveraging best-in-class components and micro-factory approaches for rapid design,launch,and direct delivery," said William Santana Li,president and CEO of Model E.Model E manufactures a car only when there is an order from a customer.Model E relies on

• A) order customization.
• B) a one product one market segment strategy.
• C) build-to-order.
• D) mass customization.
• E) specialty customization.

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a specific time.

Consumption Function

A mathematical representation showing the link between total consumer expenditure and the gross national income.

Consumption Function

An economic concept that describes the relationship between total consumption and gross national income.

Stock Prices

The cost at which a share of a company is bought or sold in the stock market, reflecting the market's view of its potential for profitability.