Answer:
production of individually customized products
Explanation:
Mass customization can be described as when a company produces and delivers market goods and services that are suited to meet the needs of individual customers
It combines the benefit of low cost associated with mass production with the customization of goods.
An example of a product that is mass customized is the mobile phone. A mobile phone is mass produced but due to its software, users are able to modify or customize their phone to suit their needs
Types of Mass customization
- Collaborative customization: In this type of Mass customization, customers and the company work together to create a good or service that meets the unique needs of the consumer.
- Adaptive customization: the good or service created can be further customized by the consumer to suit their needs.
- Transparent customization: unique products are made for each consumer .
- Cosmetic customization: different types of standardized products are made for various groups of customers.
Advantages of Mass customization
- Customer satisfaction increases
- Goods are produced at lower costs
Disadvantages of Mass customization
- It would be difficult for the company to build up stock ahead of time due to the unique needs of the customers
- there would be an increased wait time from the time the order is made till when it is delivered
The program is called: permission marketing.
The required details about permission marketing is mentioned in below paragraph.
Permission marketing refers to a shape of marketing and marketing wherein the supposed target market is given the selection of opting in to get hold of promotional messages. The idea of permission advertising has been popularized through Seth Godin, an entrepreneur and author. He first mentioned the concept of permission marketing at period in his book Permission Marketing: Turning Strangers Into Friends, And Friends Into Customers. Permission advertising is characterised as anticipated, personal, and relevant. It is frequently located as the other of direct advertising wherein promotional cloth is historically despatched to a extensive patron population with out their consent.
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Answer: 556
Explanation:
The position in futures contracts that is required will be calculated thus:
= (100,000,000 × 5.6) / (112,000 × 9)
= 560,000,000 / 1,008,000
= 555.5
= 556 approximately
Therefore, based on the calculation, the answer is 556.
Answer:
Explanation:
a business transaction is entered into two accounts because of the rules of credits and debits. every transaction affects at least two different accounts. So you must debit one account and credit another in order to satisfy the accounting equation.