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Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year,and a worker in Sylvania can produce either 2 units of corn or 6 units of wheat per year.Each nation has 10 workers.Without trade,Freedonia produces and consumes 30 units of corn and 10 units of wheat per year.Sylvania produces and consumes 10 units of corn and 30 units of wheat.Suppose that trade is then initiated between the two countries,and Freedonia sends 30 units of corn to Sylvania in exchange for 30 units of wheat.Freedonia will now be able to consume a maximum of
TQM Tools
A set of methodologies and practices aimed at improving the quality of products and processes within an organization, part of Total Quality Management.
Line Employees
Workers directly involved in the production or delivery of products and services, as opposed to those in management or administrative roles.
Six Sigma
A set of techniques and tools for process improvement aimed at enhancing the quality and efficiency of operational processes.
Process Capability
A statistical measure of a system or process's ability to produce output within preset specifications.
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