________ Is a Way to Measure Supplier Quality

question 42

Multiple Choice

________ is a way to measure supplier quality. Supplying firms that follow the core philosophy of _________ will make excellent strategic partners.

• A) Eight alpha / eight alpha
• B) Sigma nine / sigma nine
• C) Six sigma / six sigma
• D) One omega / one omega
• E) Six epsilon / six epsilon

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Definitions:

Effective Means

Methods or strategies that achieve desired results or objectives efficiently.

Budget

An estimate of income and expenditure for a set period of time, guiding financial planning and performance evaluation.

Contribution Margin

The revenue remaining after variable costs are subtracted, indicating how much revenue contributes to fixed costs and profit.

Costs Incurred

Expenses that a company has recognized or spent, regardless of when payment is made.