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An entrepreneur began creating a different product for every customer, causing costs to rise sharply. What could be a suitable solution?

Answer and explanation

Correct answer: Create a limited set of standardized options based on key needs

A limited menu of standard options can meet common customer needs while reducing repeated design, purchasing, and production costs. Some controlled customisation may remain available for important differences. Refusing customers, eliminating quality, or stopping records does not solve the underlying efficiency problem and may create new risks.

Related tags

CustomizationStandardizationIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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