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Six Sigma Is Best Defined as a Process-Oriented Quality-Control Method

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Six Sigma is best defined as a process-oriented quality-control method


Definitions:

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive advantage.

Flexible Automation

A manufacturing system designed to easily adapt to changes in the product being produced, allowing for customization and variability in production processes.

Stable Financial Structure

A financial state where an organization maintains a healthy balance between its liabilities and assets, ensuring long-term sustainability.

Niche Strategy

A focused marketing approach targeting a specific, well-defined segment of the market, often with specialized products or services.

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