Questions

The factors that affect worker productivity include the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.

The primary goals of Six Sigma are to improve profits by eliminating variability, defects and waste that undermine customer loyalty i.e, increasing the customer satisfaction.

What is Six Sigma ?

Six Sigma is a systematic methodology that provides businesses with the tools to improve the capability of their business processes. This increase in performance and decrease in process variation leads to defect reduction and vast improvement in profits, employee morale and quality of product.

Key Elements of Six Sigma :

1. Strategy
2. Tactics
3. Culture.

A major purpose of cost accounting is to measure, record and report product costs.