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A Product That Is Purchased from Vendors for Sale to Customers

question 16

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A product that is purchased from vendors for sale to customers is called a/an:


Definitions:

Continuous Improvement

A sustained effort to refine products, services, or processes with gradual and radical enhancements.

PDCA

An iterative four-step management method used in business for the control and continuous improvement of processes and products. It stands for Plan-Do-Check-Act.

Plan-Do-Check-Act

A four-step management method used for the control and continuous improvement of processes and products.

Shewhart

Refers to Walter A. Shewhart, an American physicist known for his work in statistical process control.

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