Examlex
Combine what you learned in Chapter 2 with this chapter, by selecting one of Deming's fourteen points and discussing how it relates to creating a customer focus in a Six Sigma organization.
Market Share
The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.
Optimal Location
The most favourable geographical position for a business or facility based on factors like cost, accessibility, and market demand.
Firms Locate
The process by which businesses decide where to establish their operations, influenced by factors such as market access, costs, regulations, and infrastructure.
Capital
Capital in a business context represents the financial assets needed for operations, such as funds in bank accounts, inventory, buildings, and machinery.
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