The CA Hub

PRC-3 · Chapter 9 · Question 37 of 45

Which term describes a manufacturing system that deliberately produces goods one at a time exactly according to the specific needs or wants of individual customers?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: D) Customization (Job production)

Explanation

Customization (or job production) involves creating a unique, tailored item for a single customer, unlike mass production which standardizes output.

All 45 questions in Chapter 9Nature and Scope of Economics MCQs with answers

More Nature and Scope of Economics MCQs

Sponsored slot availableRun a CA academy or hiring firm? Put your name in front of students preparing for this exam.Advertise →