A Widespread Shift to Mass Customization Has Not Occurred Because

question 54

Multiple Choice

A widespread shift to mass customization has not occurred because firms found that

• A) production costs were still high.
• B) the Internet offered a low-cost way to get a lot of orders.
• C) mass production is always better.
• D) economies of scale provides a better alternative.
• E) technology introduces a new set of problems.

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Definitions:

NASD

Was a self-regulatory organization for the U.S. securities industry, responsible for regulatory oversight, which is now part of FINRA (Financial Industry Regulatory Authority).

NASDAQ

The National Association of Securities Dealers Automated Quotations, an American stock exchange known for its high concentration of technology companies.

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in US banks.

Financial System

The set of processes and mechanisms that enable the transfer of money between savers, borrowers, and investors.