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Consider a production process that produces tires.A quality engineer has taken 15 samples,each containing 200 tires.The total number of defective tires over the 15 samples is 340.The LCL for the control chat constructed using two sigma is
Competitors
Businesses or individuals that offer similar products or services within the same market, vying for the same clientele or market share.
Market Testing
The process of evaluating a new product or service in a limited market before a wide-scale launch to gather insights and reduce risks.
Premarket Testing
Refers to the evaluation of new products or services before their official launch to identify potential market performance and consumer acceptance.
Product Development
is a comprehensive process of bringing a new product to the market, which includes conception, design, development, and marketing of new or improved goods or services.
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