Manufacturing a Product Only When There Is an Order from a Customer

question 125

Multiple Choice

Manufacturing a product only when there is an order from a customer is referred to as

• A) order customization.
• B) a one product, one market segment strategy.
• C) synergistic marketing.
• D) build-to-order.
• E) specialty customization.

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Definitions:

Competence

The ability of an individual or organization to effectively perform or carry out a specific task or activity.

Entrepreneurial Culture

Describes a business environment that promotes innovation, takes calculated risks, and supports the creation and growth of new ventures.

New Ventures

Refers to newly established businesses or startups that are engaged in the process of entering a market and implementing a novel business plan.

High-Potential Ventures

Businesses or projects with strong growth prospects and the potential for significant financial returns.