Modular design offers a relatively less expensive way to offer customers "________________."
A) common components
B) economies of scale
C) mass customization
D) mass production
E) None of these

Question

Quizplus · Accepted Answer

Modular design refers to the practice of creating standardized components that can be easily combined or interchanged to create a wide range of different products. This approach allows for mass customization, or the ability to quickly and efficiently create products that are specifically tailored to individual customer needs and preferences. By offering customers this level of customization, companies are able to provide a higher level of value and differentiation, which can help to attract and retain customers over the long term. Additionally, because the use of standardized components allows companies to leverage economies of scale, modular design can also be a cost-effective way to produce high-quality products at lower prices than would be possible with more traditional manufacturing approaches.

Modular Design Offers a Relatively Less Expensive Way to Offer