Unlike Total Quality Management (TQM), Six Sigma

question 51

Multiple Choice

Unlike total quality management (TQM) , Six Sigma:

• A) focuses on reducing the processing time of production activities.
• B) uses advanced techniques that require a high level of expertise.
• C) pursues a strategy of correcting mistakes rather than preventing defects.
• D) emphasizes holding of large inventories of goods.

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Definitions:

Analytics-Based Application

An analytics-based application uses data analysis and statistical methods to provide insights, supporting decision-making processes in various fields like business, healthcare, and technology.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think and learn like humans.

Price Optimization

The use of data analysis to determine the best price points for goods or services to maximize revenue or profit.

Upselling

A sales technique where a seller induces the customer to purchase more expensive items, upgrades, or other add-ons to generate more revenue.