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Both Goods and Services Can Be Standardized for the Mass

question 24

True/False

Both goods and services can be standardized for the mass market or customized to individual needs.


Definitions:

Likert-Type

A survey question format that presents a statement and asks respondents to indicate their extent of agreement or disagreement on a typically five or seven-point scale.

Rating Scale

A group of classifications aimed at gathering details on a quantitative or qualitative characteristic.

Class

A set of entities that share common attributes or qualities.

Portfolio

A collection of work products or documents that represent an individual's skills, experiences, and accomplishments.

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