The production of varied, individually customized products at a low cost comparable to that of standardized, mass-produced products is known as
A) large-batch individuation.
B) mass customization.
C) flexible production.
D) mass production.
E) large-batch customization.
B) mass customization.
Explanation: Although issues of volume and variety often have been seen as trade-offs in a technological sense, today organizations are trying to produce both high-volume and high-variety products at the same time. This is referred to as mass customization.
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SHARE is trying to determine how many clients must be serviced in order to cover its monthly service overhead. Using the high-low method, it has determined that the variable cost per client is $800 and that the monthly fixed overhead is $28,000. Assuming an average fee of $1,200 per client, the breakeven point per month is
a. 35 clients. b. 80 clients. c. 70 clients. d. 55 clients.
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a. Interest rate swap b. Forward contract c. Option d. Futures contract
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Indicate whether the statement is true or false
Which of the following guidelines should you follow before a presentation?
A) ?Rehearse, but do not practice. B) ?Practice displaying presentation visuals. C) ?Do not spend additional time practicing the introduction. D) ?Avoid using presentation support tools.