____ is an effort to reduce costs of existing products and processes.
A)Kaizen costing
B)Activity elimination
C)Activity selection
D)Activity reduction

Question

Quizplus · Accepted Answer

Kaizen costing is a continuous improvement approach that focuses on reducing costs of existing products and processes by identifying and eliminating waste, improving efficiency, and optimizing resources. Activity elimination, selection, and reduction may be part of the kaizen approach, but they are not its sole focus.

____ Is an Effort to Reduce Costs of Existing Products