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Lean Six Sigma Incorporates the Statistical Approach of Six Sigma

question 94

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Lean Six Sigma incorporates the statistical approach of Six Sigma with the lean manufacturing program originally developed by Toyota.


Definitions:

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel and in the production of various chemicals.

Merge

The combination of two or more entities (such as companies) into a single entity, often with the goal of enhancing competitive advantage or expanding market reach.

Vertically Integrated

A company's consolidation of all or part of the production process and supply chain within itself, controlling different stages of production usually to increase the company's power in the marketplace.

Competitive Market

A market structure where numerous producers compete to sell their goods or services to many buyers, leading to efficient pricing and innovation.

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