Mass Customization Means Using the Principles of Mass Production to Appeal

question 65

True/False

Mass customization means using the principles of mass production to appeal to the unique needs of individual customers and smaller segments of the market.

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Definitions:

Society

An organized group of individuals living together in a community, sharing customs, laws, and organizations.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Unethical Behaviors

Actions or practices that violate moral principles or standards within a profession, organization, or society.

Leadership Level

The different tiers or stages of leadership within an organization, typically characterized by varying responsibilities, skills, and influence.