Examlex
The first objective in statistical process control is to eliminate assignable causes of variation in the process variable and then get the process in control. The next step is to reduce variation and get the measurements on the process variable within specification limits, the limits within which the measurements on usable items or services must fall.
Market Segment
A collection of individuals, groups, or organizations who share one or more characteristics and thus have relatively similar product needs and desires.
Small Businesses
Companies with limited revenue and number of employees, falling below certain statutory limits.
Downsizing
The reduction of a company’s workforce to lower expenses, often involving layoffs of employees as a measure to sustain or improve the business.
Organizational Tasks
Activities and responsibilities allocated within an organization to achieve its objectives and maintain its operations.
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