1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
3 years ago
11

During which phase of dmaic (define, measure, analyze, improve, control) is the sole purpose to demonstrate, with fact and data,

that your solutions solve the problem?
Business
1 answer:
lawyer [7]3 years ago
7 0
DMAIC is an acronym for Define, Measure, Analyze, Improve and Control. It is a procedure intended to enhance and keep up business forms. The period of which the sole intention is to show with actuality and information that your answers take care of your concern is "move forward." 
It alludes to an information driven change cycle utilized for enhancing, streamlining and settling business procedures and outlines. The DMAIC change cycle is the center device used to drive Six Sigma ventures.
You might be interested in
Please develop an Integrated Marketing Communications (IMC) Plan for the US launch of any brand of your choice using the followi
neonofarm [45]

An IMC plan for a particular product would include:

Advertising: To create public awareness

Personal Selling: To increase sales

Sponsorships: To get an increase in reach and funding

Event Marketing: To get a target audience

Sales Development: To increase sales and profit

Direct Marketing: To meet a specific audience for goods that they need.

Digital Marketing: To advertise through the use of social media

Public Relations: The interaction with the customers to get feedback

<h3>What is an Integrated Marketing Communications Plan?</h3>

This refers to the different techniques that are used to maximize marketing through the use of market research, strategic planning, etc.

Read more about marketing here:

brainly.com/question/25754149

#SPJ1

3 0
2 years ago
Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked to to analyze two proposed capita
elena55 [62]

Answer:

Explanation:

Cost of Capital 12%  

Project X      

Year                              0           1              2             3            4

Cah flow                    (10000)   6500   3000     3000     1000  

Discount Factor 12%     1 0.8929 0.7972   0.7118  0.6355

Present Value (10000) 5804 2392 2135 636  

Net Present Value  2.85 years  

Net Present Value  966      

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000) 5909 2479 2254 683  

Net Present Value          1325      

IRR = Lower rate + \frac{Lower rate NPV}{Lower rate NPV - Higher rate NPV}( higher rate - lower rate)

IRR = 0.10 + \frac{1325}{1325 - 966} (0.12-0.10) = 17.38%

Project Y      

Year                              0            1              2          3            4

Cash flow     (10000) 3000 3000  3000  3000  

Discount Factor        1 0.8929 0.7972 0.7118 0.6355

Present Value (10000) 2679   2392   2135  1907  

Payback                 Above 4 years    

Net Present Value   (888)    

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000)    2727     2479       2254     2049

Net Present Value   (490)    

IRR = Lower rate + ( higher rate - lower rate)

IRR = 0.10 + \frac{-490}{-490 -(-888)} (0.12-0.10) = 7.54%

6 0
3 years ago
Amy and Lester are the owners of The Hardware Store on main street in a large town. Without consulting Amy, Lester hires an acco
Gre4nikov [31]

Answer:

Refer below the purpose, uses and limitations of Cash Flow Statement

Explanation:

Purpose:

A Cash flow statement is an important part of the financial statements published by reporting firms as per the International Accounting Standard (IAS) 7. A Cash flow statement summarizes the movement of cash from opening balance to closing balance of the financial year. It has three main parts, i.e.

1) Cash flow from operations (It comprise of Cash inflows and outflows from operating activities of the organization whereas non-cash items are removed)

2) Cash flow from investments (It comprise of Cash inflows and outflows from investing activities including assets purchased and sold)

3) Cash flow from finance (It comprise of Cash inflows and outflows from financing activities i.e. loans and shares)

Uses/Benefits:

1) Cash flow information is not easy to manipulate as it just reflects cash inflows and cash outflows, it isn’t affected by accounting policies or accruals.

2) The statement of cash flows provides information about all cash inflows and outflows, from all sources.

3) Cash flow information can provide more detail about the quality of the entity’s revenue, for example, whether customers are (in general) paying their bills.

4) It is easier to understand even to a layman not having technical knowledge of accounting and finance.

Limitations:

1) Management may delay paying suppliers to increase the net cash inflows

2) Management may buy goods using leasing arrangements, to avoid paying cash

3) Cash flows also don’t reflect the earnings of the entity, although a company should be cash positive to trade in the short term, if it is doing this at the expense of sales, or is loss making, it may eventually cease trading.

7 0
3 years ago
Food Well Inc. is an organization that operates several companies that market bulk food products, restaurant equipment, and disp
Nikolay [14]

Food Well is pursuing a Focus differentiation strategy.

<h3>What is Focus differentiation?</h3>

This is known to be a method  used in competitive advantage where a firm tries to outperform its rivals through the act of offering a product that is seen by consumers to be superior to that of competitors even if its price is higher.

It is known to be used in adopting a differentiation focus strategy. Here, the firm is based on narrow market coverage, and others.

Learn more about strategy from

brainly.com/question/9134427

3 0
2 years ago
The accounting principle that requires important noncash financing and investing activities be reported on the statement of cash
slava [35]

Answer: Full Disclosure Principle

Explanation:

The Full Disclosure Principle is a principle in Accounting that aims to be keep the relevant business information as transparent as possible. The principle therefore requires that all information relating to the business be disclosed so that the stakeholders in the business will be able to reasonably understand the operations of the business.

As only financial data can be reported in financial statements such as cash related activities in the Cashflow Statement, the principle requires that important noncash financing and investing activities be reported on the statement of cash flows or in a footnote so that the readers of the statement will not have any missing information.

5 0
4 years ago
Other questions:
  • Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc- casions. Since she has ju
    11·1 answer
  • If people lost confidence in the government which money would have the least value flat money representative money commodity mon
    7·2 answers
  • What are the three main characteristics of most of the 1 billion malnourished people in the world?
    14·1 answer
  • A decrease in money demand for some reason other than a change in the price level causes _________.
    12·1 answer
  • The Blue Utilities Company paid Sue $2,000 for the right to lay an underground electric cable across her property anytime in the
    7·1 answer
  • Lorraine is the marketing manager at sibil furnishings. to promote the latest range of furniture, she decides to place ads in lo
    7·1 answer
  • Vaughn Manufacturing has two divisions; Sporting Goods and Sports Gear. The sales mix is 75% for Sporting Goods and 25% for Spor
    5·1 answer
  • When Jill was asked, she chose cars over stomach cancer as the cause of more U.S. deaths per year. When asked why she chose the
    7·1 answer
  • A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
    6·1 answer
  • What is the term for an economic system in which the means of production are held largely in private hands and the main incentiv
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!