1. A joint venture is established between two firms to use their core competencies to increase their market share. How would applying the SIPOC diagram to the joint venture assist the operation?
It closely monitors inputs and outputs
It tracks financial performance
It describes both financial and non-financial measures
2. It logs production errorsAn analyst collects a sample of consumer data and performs a series of statistical analyses on the data. The analyst then implements changes based on the data. Which step does this represent in the Plan-Do-Check-Act cycle ?
-Act
-Check
-Do
-Plan