Describe the Differences Between Discount Stores and Off-Price Retailers

question 165

Essay

Describe the differences between discount stores and off-price retailers.

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Definitions:

Center Line

In statistical process control charts, the center line represents the mean value of the quality characteristic being measured.

Control Limits

Refer to the statistical bounds within process control that signal when a process might be going out of control or is otherwise operating outside of its expected range.

Special Cause Variation

Variation in a process caused by identifiable factors, typically indicating that the process is not in control.

Process Capability

A statistical measure of a process's ability to produce output within given specifications.