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Discuss quality tools and techniques that can be used to improve quality. Specifically describe the difference between inspection vs. poka-yoke as a quality assurance method. How do these methods relate to Ishikawa's "The Basic Seven" and statistical methods of quality control?
Reports
Documents that present data, findings, and analysis on various subjects, often used in business and research to inform decisions.
Equilibrium Price
The price at which the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.
Consumer Surplus
The variance highlighting consumers' willingness to pay a higher amount than what is actually spent on a good or service.
Economic Signals
Indicators or pieces of information that guide economic decisions and actions by conveying important data about market conditions.
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