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What are the three primary models that a B2C business can use to operate?
Lower Control Limit
A statistical measure used in process control, representing the lowest acceptable boundary of process variation for quality assurance.
Upper Control Limit
In quality control, it represents the highest value on a control chart that a process variable can reach before it is considered to signal potential loss of control, necessitating investigation.
Acceptance Sampling
A statistical quality control method where a random sample of items from a lot is inspected to decide if the entire lot should be accepted or rejected.
Defects
Imperfections or faults in a product or process that deviate from the desired specifications, affecting quality.
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