Idea Gathering Is Done in the Analyze Phase of DMAIC

question 76

True/False

Idea gathering is done in the Analyze phase of DMAIC.

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Definitions:

Capital-Saving Investment

Investments made to increase efficiency or reduce the capital required for production without reducing output.

Technological Advance

It refers to the development and application of new technologies and innovation, which can improve efficiency, productivity, and capabilities in various sectors.

Per Capita Outputs

The average output produced per person in a given area or country, often used as a measure of productivity or economic performance.

Saving and Investment

Refers to the act of setting aside funds for future use and the use of those funds to create assets expected to generate returns over time.