Examlex
If a sample of 40 units of output found 500 defects,then the centre line for monitoring the average number of defects per unit of output would be
Strategic Positioning
The process of establishing and maintaining a sustainable competitive advantage in the market.
Low-Cost Approach
A business or operational strategy focusing on minimizing costs while maintaining quality and efficiency, often to achieve a competitive advantage.
Value-Based Approach
A strategy focusing on providing and maximizing value to customers or stakeholders, often in terms of quality, service, and experience.
Research and Development (R&D)
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
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