Examlex
Many school buildings constructed from 1930 to 1970 had asbestos insulation in them.Presently the schools are undertaking a massive program to replace the insulation and at substantial cost.Could the schools turn to asbestos manufacturers for recovery of the costs? What if students who were exposed to the asbestos during the time they attended the schools develop asbestosis or lung cancer? Where can the students turn?
80/20 Principle
A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, emphasizing the unequal relationship between inputs and outputs.
Statistical Process Control Charts
Tools used in quality control to plot data over time, enabling the detection of outliers, trends, or variations in processes, and assisting in maintaining process controls.
New Customer
An individual or entity that has not previously purchased or engaged with a company's products or services.
Keeping A Current Customer
The strategies and practices aimed at maintaining and enhancing a continuing relationship with an existing customer to ensure their repeat business.
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