A Fishbone Diagram as Part of a Six Sigma Quality

question 39

Multiple Choice

A fishbone diagram as part of a Six Sigma quality improvement process might be found in which DMAIC category?

• A) Define
• B) Measure
• C) Analyze
• D) Improve
• E) Control

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Definitions:

Downward-Sloping Demand

Describes a market phenomenon where a product's demand decreases as its price increases, according to the law of demand.

Price

The expenditure involved in buying a good or service.

Demand Curve

A chart that depicts the link between a product's price and the amount of the product that buyers are prepared and capable of buying at various price points.

Monopolistically Competitive Industry

In a monopolistically competitive industry, numerous firms compete against each other with differentiated products, allowing for some degree of market power and price setting.