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The dollars available from each unit of sales to cover fixed cost and profit is the contribution margin per unit.
Continuous Improvement
An ongoing effort to improve products, services, or processes by making incremental improvements over time or implementing significant improvements at once.
Statistical Quality Control
A set of statistical techniques used to measure and control the quality of a product or service, ensuring it meets specified requirements.
Planning
The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.
Quality Assurance
A systematic process designed to determine whether a product or service meets specified requirements.
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