Product postponement is the strategy of stocking a product in generic form for later customization.

Name: Product postponement is the strategy of stocking a product in generic form for later customization.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Product postponement involves producing generic products in bulk and then customizing them as per the specific requirements of customers later on. This helps companies avoid making products that may not sell and enables them to create products according to the specific needs of their customers.

Product Postponement Is the Strategy of Stocking a Product in Generic