List the Five Factors That Entrepreneurs Need to Consider with Deciding

question 118

Short Answer

List the five factors that entrepreneurs need to consider with deciding to extend credit.

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Definitions:

Six-Sigma Quality

A disciplined, data-driven approach and methodology for eliminating defects in any process, aiming for six standard deviations between the mean and the nearest specification limit.

Three-Sigma

A statistical term that represents a range of values within three standard deviations from a mean in a normal distribution, often used to measure quality control.

Defects Cut

A metric or process aiming to reduce the number of defects or errors in a product or process, enhancing quality and performance.

TQM Program

"Total Quality Management" program; an organization-wide effort to infuse quality into every activity through continuous improvement.