A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers â import quotas and tariffs â and to increase trade of goods and services with each other.
The team can use interviews or written surveys to identify target values to use as goals for improving the product or service produced by the process. Identifying a problem associated with the process helps define the process improvement objective.
Definition of Over-improvement. Land improvement that is more extensive than the surrounding neighborhood justifies or that can be economically warranted. For example, an individual builds a home with a higher construction cost than the neighborhood's average assessed valuation. A further example is the construction of a commercial building that is larger than its business operations can justify. The resulting empty space can be a net liability.