Examlex
In the context of DMAIC, CTQ refers to what type of characteristics?
Comparative Advantage
The potential of an individual, enterprise, or country to offer a product or service with a more favorable opportunity cost than that available to its competitors.
Financial Cost
The total expenses incurred by a company in borrowing money, including interest payments, fees, and other charges.
Bowed-Out
Describes a production possibilities curve that is concave from the origin, indicating increasing opportunity costs.
Opportunity Costs
The cost associated with an alternative that is foregone when a particular decision or action is taken.
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