________ Is the Fundamental Rethinking and Radical Redesign of Business

question 94

Multiple Choice

________ is the fundamental rethinking and radical redesign of business procedures to achieve dramatic improvements in cost, quality, service, and speed.

• A)Product redesign
• B)Product research
• C)Process reengineering
• D)Flexible manufacturing
• E)Total quality management

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Definitions:

Within-treatments Variation

The variability among experimental units that are exposed to the same level of treatment in an experiment.

Sum Squares Treatments (SST)

A measure used in statistics, especially in analysis of variance (ANOVA), to quantify the variability among group means in an experiment.

Sum Squares Error (SSE)

A measure of the discrepancy between the data and an estimation model, calculated as the sum of the squared differences between each observation and its group's mean.

Analysis of Variance (ANOVA)

A statistical technique used to determine if there are significant differences between the means of three or more independent groups.