Which of the Following Is One of the New Seven

question 69

Multiple Choice

Which of the following is one of the new seven tools for management?

• A) process map
• B) cause-and-effect diagram
• C) histogram
• D) check sheet
• E) affinity diagram

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Definitions:

Trade Gains

Benefits that countries obtain from engaging in international trade, such as increased variety of goods and specialization in production.

International Trade

International trade involves the exchange of goods and services across international borders or territories, enabling countries to expand markets and pursue economies of scale.

Variety

In economics, it represents the assortment or range of different products, services, or goods available in a market.

Export Products

Goods or services produced in one country and sold to buyers in another country.