Which of the Following Statements About the Six Sigma Approach

question 46

Multiple Choice

Which of the following statements about the six sigma approach to quality is true?

• A)It is an excellent way for delivering business results.
• B)It usually improves the bottom line.
• C)It focuses on eliminating defects in a process.
• D)It looks at whether a process is the best one available.
• E)It has little practical use in the business world.

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Definitions:

Market Conditions

The various factors and influences that affect the supply and demand of products or services within a market.

BCG Matrix

The BCG Matrix is a strategic business tool developed by the Boston Consulting Group to help organizations prioritize and manage their diverse product portfolio through categorization as stars, question marks, cash cows, or dogs based on market growth and market share.

Relative Market Share

A measure of a company's market share compared to its largest competitor, indicating competitiveness and market dominance.

Financial Projections

A bottom-line numerical estimate of the organization’s profitability.