In an affluent society, how do we produce a wide number of options for products at low cost? Hint: Focus on how to address some of the major challenges of mass customization
What will be an ideal response?
For mass customization, products should be built-to-order. Product design must be imaginative. Process design must be flexible and able to accommodate changes in both design and technology. Inventory management requires tight control. Tight schedules are needed that track orders and material from design through delivery. Responsive partners in the supply chain can yield effective collaboration.
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The portfolio on the minimum-variance frontier that maximizes the sharpe ratio is called
A) mean-variance frontier. B) MVE portfolio C) mean standard deviation frontier. D) efficient frontier.
If the contribution margin ratio increases, the break-even point in sales dollars will
A) increase B) decrease C) remain the same D) double