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Alborosie
3 years ago
7

Which of the following actions explains mass customization? Firms tailor their products and services to meet a customer's partic

ular needs on a large scale. Firms provide immediate communication and feedback to and from customers. Firms provide ways for clients and firms to conduct business online without human assistance. Firms market their products and services over vast distances. Firms link Web sites to corporate databases to provide real-time access to personalized information.
Business
1 answer:
alexgriva [62]3 years ago
7 0

Answer: Firms tailor their products and services to meet a customer's particular needs on a large scale.

Explanation: As the name suggests mass customization refers to customizing at a large level.  In simple words it refers to a process in which an organisation combines the benefits of mass production with the benefits of customization.

This is done by the organisations when the majority of customer base is asking for a particular change or addition in the existing commodity.

  Hence from the above we can conclude that the correct option is first statement.  

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stock-held savings institution

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3 years ago
Which demand situation occurs when a competitor offers a similar product or service at a lower price?
Naya [18.7K]

Answer:

Falling demand

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Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.

The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.

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3 years ago
If Malaysian companies are highly efficient in the production of textiles and U.S. companies are highly efficient in the product
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If Malaysian companies were more efficient in textile production and the U.S. was more efficient in computer software, they should sign a <u>Free trade agreement. </u>

<h3>What would a free trade agreement do?</h3>

A free trade agreement allows for countries to be able to trade without any restrictions.

Implementing a free trade agreement here would allow funds to freely move to Malaysia for textile production, and to the U.S. for software companies.

In conclusion, this is a free trade agreement.

Find out more on free trade agreements at brainly.com/question/2201430.

3 0
2 years ago
A problem that the Fed faces when it attempts to control the money supply is that a. since the U.S. has a fractional-reserve ban
NeTakaya

Answer:

A) since the U.S. has a fractional-reserve banking system, the amount of money in the economy depends in part on the behavior of depositors and bankers.

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Since US banks operate under a fractional reserve banking system, they have the capacity to create money through the money multiplier, e.g. you deposit $1,000 in bank A, then bank A borrows $850 to Steven and he purchases a new bike from Sarah. Then Sarah deposits the money in bank B, and bank B borrows $722 to George who buys a laptop from Henry. Henry then deposits the money in bank C, and bank C borrows $614 to Susan, and this goes on and on.

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3 years ago
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3 years ago
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