The Term Six Sigma Refers To

question 9

Multiple Choice

The term six sigma refers to:

• A)The control limits established in a Pareto-analysis chart.
• B)A quality-performance standard that requires all products and services to meet the target value exactly,with no variation.
• C)A business process-improvement approach that seeks to find and eliminate causes of defects and errors.
• D)The quality expectation embodied in a robust-quality performance standard.
• E)The quality requirement specified for ISO 9000 certification.

Gain insight into the strategies for managing products across different life cycle stages.

Recognize the width and depth of product offerings by companies.

Grasp the concept of competitive advantage in product marketing.

Understand the consumer adoption process and strategies to target various adopter categories.

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Definitions:

Basic Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

World Bank

An international finance institution that allocates loans and grants to governments of economically weaker countries for the execution of capital projects.

Industrially Advanced Nations

Countries that have highly developed industries, infrastructure, and higher levels of income for their citizens.

Aggregate Outputs

The total amount of goods and services produced in an economy over a specific time period.