According to the text, what is the most common choice of limits for control charts?
A) ±1 standard deviation
B) ±2 standard deviations
C) ±3 standard deviations
D) ±3 standard deviations for means and ± 2 standard deviations for ranges
E) ±6 standard deviations
C
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Which one of the following is not a strategic choice that a company must make to complement and supplement its choice of one of the five generic competitive strategies?
a. whether and when to go on the offensive and initiate aggressive strategic moves to improve the company's market position, or to go on the defensive b. which value chain activities, if any, should be outsourced c. whether to employ a low-cost strategy, a differentiation strategy, or a hybrid strategy d. whether to integrate forward or backward into more stages of the industry value chain e. whether to enter into strategic alliances or collaborative partnerships
A quick response (QR) inventory management system seeks to _____
a. decrease inventory ordering costs b. decrease delivery lead time from vendors c. increase the quantity discounts available to a retailer d. decrease inventory holding costs