Match the Term with Its Definition

question 72

Multiple Choice

Match the term with its definition.
-The sum of related individual product items

• A)channel of distribution
• B)copyright
• C)patent
• D)product
• E)product item
• F)product life cycle
• G)product line
• H)product mix
• I)product mix consistency
• J)product strategy
• K)sustainable competitive advantage

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Definitions:

Lower Limit

The lowest value in a set of data, or the minimum value that a certain variable, function, or sequence can assume.

Specification Limits

Pre-determined bounds that define the acceptable range of variation for a product's characteristics or a process's outputs.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the average.

Sigma Control Limits

Statistical boundaries set in process control that indicate whether a process is in a state of control or needs adjustment, based on the standard deviation (σ) of the process data.