Some Companies That Strive to Provide Extremely High Quality Use

question 88

True/False

Some companies that strive to provide extremely high quality use Z=6 (six sigma) vs. Z=3 (three sigma) when constructing control limits.

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Definitions:

Supply Chain

The network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Net Profit Margin

A financial ratio indicating the percentage of revenue that remains as net profit after all expenses are deducted from total revenues.

Leverage

The use of various techniques or borrowed capital (debt) to increase the potential return of an investment.

Outsourcing

Transferring a firm’s activities that have traditionally been internal to external suppliers.