The Deming Cycle Is

question 68

Multiple Choice

The Deming Cycle is:

• A) A checklist that enables managers to evaluate employee performance more systematically.
• B) A systematic method of evaluating potential facility locations.
• C) A process for finding potential quality errors before they occur.
• D) A process for using identical production steps in the creating of different types of products.

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Definitions:

SOM

The subset of the Serviceable Available Market that an organization can expect to reach, considering factors like competition and market readiness.

SAM

An abbreviation for Serviceable Available Market, which is the portion of the Total Available Market that can actually be reached by a company.

TAM

Total Addressable Market, which refers to the overall revenue opportunity available or potential market for a product or service.

Exclusionary Personas

User archetypes designed to outline the characteristics of potential users who are specifically not the target audience for a product or service, aiming for a more focused marketing strategy.