Increased customization in products and services generally requires <u>more </u>resources and effort.
Customization requires a corporation to shift its marketing version from vendor-orientated to buyer-orientated. The goal is to assist clients higher becoming aware of what they want. Customization allows organizations to have the capacity to evolve personalization and one-to-one advertising projects for the digital advertising environment.
Mass customization in advertising refers to the motion of altering products or services to create custom studies for customers. Many industries use this approach, from retail corporations to software designers or monetary companies to modular home construction.
We have recognized four strategies for customization, which we name collaborative, adaptive, cosmetic, and transparent. While designing or remodeling a product, system, or business unit, managers must examine each of the procedures for possible insights into how nice to serve their customers.
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Answer:
E. Projects are companies that launch a new, sustainable business model.
Explanation:
project can be regarded as series of tasks which is under processing and need to be completed so that specific outcome can be reached. A project can as well be regarded as a set of both outputs and inputs that it's needed in achieving a particular goal. Projects can simple or complex one , managing of project can be by one person or a hundred.
It should be noted that following are all characteristics of projects;
✓ Projects are non-routine, making planning difficult.
✓Projects are complex, involving a variety of skills and capabilities.
✓ Projects have a clear starting and ending point.
✓Projects typically require significant levels of cross-functional and inter-organizational coordination.
Answer:
Intangible assets might include: A trademark, a patent, copyright, or even a brand.
Answer:
The correct answer is: Processing cost.
Explanation:
Processing cost is an accounting term that refers to collecting useful information of manufacturing costs of the units that are being produced. This approach is used in large entities where products are manufactured in masses and those units are almost identical or equal to ease the production process.
Answer:
Both supply and demand are elastic.
Explanation:
Demand or supply elasticity is defined as elasticity or responsiveness with more than one numerical value, which indicates their high response to the change in price.
Elastic demand: It is the percentage change in quantity demanded due to the change in price in absolute value of the product.
The elasticity of supply: It is defined as the response of the quantity of a good supplied to a change in the price of the good. Likely to be positive in output.
FORMULA; Elasticity of supply= 
Due to the decrease in the supply of goods in the market, it leads to the scarcity of goods, therefore there is an increase in the price of goods.
