In Order to Recover Its Market Share,the Management in Xenon

question 40

Multiple Choice

In order to recover its market share,the management in Xenon Inc.decide to launch a low cost line of its existing products.Which of the following arguments would most likely convince the reluctant employees of the feasibility of this strategy?

• A) Cheaper raw materials would make for a cheaper product.
• B) Competitors were offering goods at low prices.
• C) Company is currently making a product that has low demand.
• D) New technology would help mass production and price reduction.

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Definitions:

Centerline

In statistical quality control, a line on a control chart that represents the average or mean value of the data being monitored.

Control Chart

A tool used in quality control to monitor a process and determine if it is in a state of statistical control by plotting data points over time.

Mean

The sum of a collection of numbers divided by the count of numbers in the collection, also known as the average.

Statistical Process Control

A method used in quality control that employs statistical techniques to monitor and control a process, ensuring it operates at its full potential.