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What Is the Process of Continuously Measuring System Results, Comparing

question 137

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What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance?


Definitions:

Parts

Components or pieces that can be combined or assembled to build or repair something.

Raw Materials

Basic materials used in the production process, transformed into finished goods through manufacturing.

Captive Finance Company

A subsidiary whose purpose is to provide financing to customers of a parent company, facilitating sales of the parent company's products.

Financing

The act of supplying capital for company operations, acquiring assets, or investing.

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