Quality Tools (Brain Storming, nominal group technique, pareto chart, fishbone diagram and process chart).

Brainstorming is an activity used to generate creative ideas. It can be done individually or as a group.Brainstorming should not be used for analysis or DECISION MAKING. Brainstorming combines an informal approach to problem-solving with lateral thinking, which is a method for developing new concepts to solve problems by looking at them in innovative ways. … Read more

Market Price

The following are subtopics of market price: Market price is the price at which a good or service is bought and sold in a competitive market. Market price is determined by the interaction of supply and demand. Supply is the amount of a good or service that producers are willing and able to sell at … Read more