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Mass Customization Is a Strategy of Convincing Customers to Choose

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Mass customization is a strategy of convincing customers to choose from a relatively small number of alternatives in order to achieve the efficiencies of mass production.


Definitions:

Interest Rates

The percentage of a loan amount charged by a lender to a borrower for the use of assets, varying with market conditions and credit risk.

Carrying Value

The book value of an asset or liability on a balance sheet, representing the cost minus accumulated depreciation or amortization.

Investments in Bonds

Financial investments made by purchasing debt securities issued by corporations, governments, or other entities that pay interest over a specific period.

Time Value of Money

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

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