The Six Sigma Methodology _____

question 104

Multiple Choice

The Six Sigma methodology _____.

• A) is used to compare and benchmark the performances of competing firms
• B) gives more importance to productivity than product quality
• C) is a direct descendant of the total quality management philosophy
• D) recommends that only one product should be defective in thousand products

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Mission And Objectives

A statement that defines the core purpose and goals of an organization, guiding its strategies and operations.

Business Plan

A detailed document outlining the strategy, objectives, financial projections, and operational guidelines for a new or existing business.

Financial Projections

Estimates of future revenue, expenses, and profitability over a specific period, often used in business planning.