Answered: Define Customize products?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Define Customize products?

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Customized products are the products that will be designed specially based on the specification of the customers. It would differ in size, shape, and color according to the request of the customer. Customized products are different from the standardized products, which will be available in the market. Standardized product are the products that would maintain uniformity irrespective of the requirement of the customers.

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