Say a Manufacturer Maintains a Control Chart of the Overall

question 8

Multiple Choice

Say a manufacturer maintains a control chart of the overall product process and determines that the process is out of control too often across all shifts.Managers could most effectively start to determine potential causes by creating a ______________.

• A)histogram with shifts along the x axis
• B)cause-and-effect diagram for one shift
• C)scatter plot with shifts on the x axis and causes on the y axis
• D)Pareto chart with shifts along the x axis
• E)check sheet with shifts as columns and causes as rows

Identify market models based on the level of price control within the industry.

Understand the concept of imperfect competition and its applicability across market models.

Recognize the relationship between product standardization and market competition.

Understand the characteristics and implications of purely competitive market settings for firms.