Configurations of standard parts, subassemblies, or services that can be selected by customers from a limited set are called make-to-order goods and services.

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The statement describes make-to-stock goods and services, which are produced in advance based on demand forecasts and are available for purchase by customers. Make-to-order goods and services are customized and produced only after the customer places an order.

Configurations of Standard Parts, Subassemblies, or Services That Can Be