ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is the process in which a wide variety of products are created, meeting the needs of customers, called:
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mass customization
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manufacturing postponement
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pulled production flow
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product concept development
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production standardization
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Explanation:
Detailed explanation-1: -The customer may decide to purchase products that are in line with their time horizon, future goals, or risk tolerance. Another example of mass customization is in the clothing industry, where apparel firms use computer-controlled machines to cut fabrics that match individual body measurements.
Detailed explanation-2: -What is product customization? Product customization refers to enabling customers to personalize a product according to their needs and preferences. Add ons, exclusive functionalities, templates, and flexibility with product design all count as different forms of personalization.
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