In an affluent society, how do we produce a wide number of options for products at low cost? Hint: Focus on how to address some of the major challenges of mass customization
What will be an ideal response?
For mass customization, products should be built-to-order. Product design must be imaginative. Process design must be flexible and able to accommodate changes in both design and technology. Inventory management requires tight control. Tight schedules are needed that track orders and material from design through delivery. Responsive partners in the supply chain can yield effective collaboration.
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Which of the following statements is correct?
a. Bonds are issued at a price that reflects the stated rate of interest on the day the bond is purchased. b. If the face rate of interest on a bond is not equal to the market rate of interest, then the company desiring to issue the bonds must reprint its bond certificates. c. The actual issue price of a bond represents the present value of all future cash flows related to the bond. d. The market rate of interest has no bearing on the selling price of the bonds.
What does utilitarian theory hold?
a. There is a decision that exists that is optimal for all people. b. What is ethical is the action that achieves the least bad for the greatest number of people. c. What is ethical is the action that achieves the greatest good for the greatest number of people. d. What is ethical is the action that achieves the greatest good for all people.
Marketing channel management is related to which of the four Ps?
A. production B. promotion C. price D. product E. place
First Bank pays a forged check on Donald's account. Donald finds it when, the day he receives it, he is examining his bank statement. He brings it to the bank the next day, but they refuse to credit his account. The bank has an obligation to recredit Donald's account
Indicate whether the statement is true or false