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Matching Match each of these items to the best match Mass Customization Designin

ID: 327819 • Letter: M

Question

Matching Match each of these items to the best match Mass Customization Designing for Individual tastes, needs, and desires on a large scale User Innovation-getting your ideas from your customers Designing products for masses of customers who have ite economic resource Post-it notes, penicilin, Viagra et Finding a way to elilminate the middle person in transactions (ex elminate retailers and go Crowd Sourcin Base of the Pyramid "Crowd Funding customer) drecity t Accidental Discovery GoFundMe, Kickstarter and IndeGoGo are examples

Explanation / Answer

The correct match is

1 A

2 E

3 B

4 C

5 F

6 D

Mass customization means when the company customize its product as per the mass market.

Disintermediation means removing or minimizing the intermediaries.

Crowed sourcing means getting the ideas from crowd about an issue, project etc.

Kickstarter, GoFundMe etc are example of crowd fund companies.

Accidental discovery means when the discovery is done accidently. For an example Fleming was not discovering Penicillin but accidently he discovered the same.