What is the term for the 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 refers to the process of continuously improving existing products and processes to reduce costs. It is a key aspect of Lean management and involves incremental changes over time rather than large-scale overhauls. Activity elimination, selection, and reduction all refer to specific tactics that may be used in the kaizen costing process.

What Is the Term for the Effort to Reduce Costs