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:
Please kindly check explaination for the details.
Explanation:
a.
Decision variables:
Let
X1 = no of units of product X1
X2 = no of units of product X2
X3 = no of units of product X3
Objective function is to maximize profits
Max Z = 20X1 + 6X2 + 8X3
Constraints:
8X1 + 2X2 + 3X3 <= 800
4X1 + 3X2 <= 480
2X1 + X3 <= 320
X1, X2, X3>=0
b.
please see attachment for the excel solutions.
c.
X1 = 0
X2 = 160
X3 = 160
Z = 2240
Answer: Brainstorming
Explanation: Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members. It is the basic technique for developing ideas and getting people to think up new concepts and solutions to a problem.
Brainstorming also triggers creativity and great idea generation.
Increament in government spending which is financed by borrowing will most likely affect national savings.
This is because borrowing money means you are spending from your future income.
The negative effect of spending borrowed money will most likely be felt when the money is not used for money yielding ventures.
This means that when borrowed money is not used to boost the economy of a country, it will most likely lead to the depletion of the national savings or reserve.
<h3>Viable areas to utilizing borrowed money</h3>
- Infrastructure development
- power
- Education
- Health
- Transportation
- Research
Learn more about National Savings at brainly.com/question/15109837
The principal<span> might be the party who gives legal authority for another party to act on the </span>principal's<span> behalf. </span>