Answer:
This is an example of mass customization
Explanation:
Mass customization is a business concept that involves mass manufacturing products that meet individual consumer wants and needs. It combines flexibility and personalization of unique made products with the low unit costs associated with mass production. It is sensitive to customer preferences with standardisation of processes, and the customer satisfaction that comes with owning a custom product.
Custom Foot offers a basic package for their boots and shoes, and then offer customers a variety of features they can add or subtract. With this, they can provide alternatives for modifying a product without the costs associated with making a 100 percent unique product.
Answer:
B
Explanation:
Capital Structure decision is determining the optimal way of raising capital either through Equity or Debt.
Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
<h3>What is an
optimal point?</h3>
On a graph, this refers to the best or most favorable point on a graph curve etc
Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
Therefore, the Option B is correct.
Read more about optimal point
<em>brainly.com/question/92653</em>
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Answer:
<u>By reducing their prices compare to the price of their competitors.</u>
Explanation:
Note, a <u>competitive pricing strategy</u> refers to a pricing strategy that involves <em>deliberately </em>finding out the prices in which your competitor sells their product and then tailoring yours to be a little lower than theirs, by so doing customers feel motivated to buy from you instead.
For example, Alibaba can go to its competitor, let's say Amazon. and see how sells an iPhone. Then Alibaba can reduce/set its own price benchmark based on their prices.
