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The relationship between cost and customization is often inversely proportional; as the level of customization increases, the cost typically rises. Customization requires additional resources, time, and labor to meet specific needs, leading to higher production costs. However, businesses may justify these costs by charging a premium for tailored products, which can enhance customer satisfaction and loyalty. Ultimately, the balance between cost and customization depends on the target market and the perceived value of the customized product.
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What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
What is the relationship between total fixed cost and output?
What is the relation ship between total fixed cost and output?
Relation between managerial tasks and managerial levels?
Relation between managerial tasks and managerial levels
What is the difference between cost centre and cost unit?
cost centre is a production or service location, function, activity or item of equipment for which costs are accumulated(i.e stores,canteen, farm, personnel) cost unit is a unit of product or service in relation to which costs are ascertained(i.e typewriter,thousand of washers)
What is the relation between price and demand?
There is inverse relation between demand and price it means if one increase the other will decrease and vice versa. the inverse relation exit between demand and price due to three reason Diminshing of marginal utility Income effect Substitute effectc
What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
What is the relationship between total fixed cost and output?
What is the relation ship between total fixed cost and output?
A production function describes the relation between output and?
cost or input
Explain the relation between sunk costs and specificity?
Specificity refers to the percentage of an investment that will be lost if the asset is switched to another use. Sunk cost is a cost that cannot be avoided once incurred. The relation between them is
Difference between direct cost and indirect cost?
direct cost has direct relation with product manufacturing while indirect cost not and not identifiable with cost as well.
Prepare a bin card in relation to cost accounting?
prepare a bin card in relation to cost accounting
What is the Difference between relation schema and relation instance?
difference between relation sehema and relation instance in dbms
What is relation between Michael Jackson and Christina Aguilera?
there is/ was no relation between them .
What are the relation between management and administration?
what is the relation between management and administration
What is the relation between tesla and gauss?
relation between telsa and gauss
How much does an average home owner warranty cost?
An average home owner warranty doesn't cost too much in relation to the cost of owning a home. It is usually somewhere between $200 and $400.
What does the term 'transaction cost' mean in relation to economics?
The transaction cost means the price you pay for a certain item or service. This is the money that is transferred between customer and service provider.
