With Mass Customisation,a Basic Good Is Modified to Meet the Needs

question 73

True/False

With mass customisation,a basic good is modified to meet the needs of individual customers.

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Definitions:

Consumption

The use of goods and services by households or individuals, often measured to understand economic activity and consumer behavior.

Bushels

A unit of volume measure used primarily for agricultural products, with the size varying by product.

Investment

The allocation of resources, usually financial, in the expectation of generating an income or profit, including purchases of financial instruments or capital assets.

Interest Rate

The amount of a loan that is subject to interest charges for the borrower, often shown as a yearly percentage.