The Goal of Six Sigma Is to Improve a Company's

question 32

Multiple Choice

The goal of Six Sigma is to improve a company's quality to only three defects per million by

• A)systematically altering the way all processes involved in value chain activities are performed.
• B)limiting the value chain implementation to six functions.
• C)focusing process improvements on the manufacturing and production activities in the value chain.
• D)focusing process improvements on the sales and after-sales support activities in the value chain.
• E)building relationships with customers to increase value over time.

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Definitions:

Money Income

Income received in the form of money rather than in-kind benefits or goods, crucial for determining purchasing power and standard of living.

Marginal Utility

The increase in satisfaction or advantage a buyer experiences from acquiring one more unit of a good or service.

Utility Maximization

A theory in economics asserting that individuals aim to achieve the highest level of satisfaction or utility through their choices, given their resources.

Limited Budget

A financial constraint that limits the amount of money available for spending or investing.