Economies of Scale is the concept where increased production leads to reduction in per unit cost as the total cost is spread over a larger number of units.
Customization is a strategy that modifies or builds a product or a service as per the customer requirements, which may differ from customer to customer
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Premkumar T.
Applause for all the respondents - Aritra Das Gupta, Premkumar T.
Also review the answer provided by Mr Venugopal R, Benchmark Six Sigma's in-house expert.