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A company produces a product which is designed to weigh 10 oz., with a tolerance of 0.5 oz. The process produces products with an average weight of 9.95 oz. and a standard deviation of 0.10 oz. According to the process capability index
Sustainable Competitive Advantage
A long-term advantage that a company possesses, making it more competitive than others and difficult to replicate.
Labour Market
The supply of available workers in relation to available employment.
Skills
The abilities and expertise that individuals possess, which are developed through training, practice, and experience, relevant to performing specific tasks.
Sense of Urgency
A mindset that emphasizes the importance of acting promptly and efficiently to address issues or opportunities, fostering a culture of responsiveness and proactivity.
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