Which of the following terms refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output?

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Mass customization refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output. This allows for greater flexibility and customization to meet individual customer needs while still maintaining a cost-efficient production process. Lean production and just-in-time inventory focus on streamlining production processes and minimizing waste, while specialized assets and dynamic capability are more focused on organizational resources and capabilities.

Which of the Following Terms Refers to the Production of a Variety