Match the Options Below with the Correct Phrase

question 85

Multiple Choice

Match the options below with the correct phrase:
-quality improvement team

• A)projects that uncover information useful to create a variety of new materials, processes and products
• B)the use of statistical tools and methods to determine quality
• C)How are we doing? and What are the problems?
• D)employees think and act like owners
• E)a total strategy for continually improving throughout the entire organization
• F)their purpose is to make a process better
• G)a cross-functional team to assess the progress toward goals
• H)determines if a process is predictable or unpredictable

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Definitions:

R&D

Research and Development; a dedicated business or policy activity aimed at investing in new knowledge, product development, and innovation improvement.

Firm Sales

The total volume or value of all products sold by a company during a specific period.

Pure Competitors

Firms operating in a pure (or perfect) competition market, characterized by many buyers and sellers of a homogeneous product and freedom of entry and exit.

R&D

R&D stands for research and development, the process of investing time and capital in developing new products, processes, or services, or improving existing ones.