The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:
A) Total quality management.
B) Managerial accounting.
C) Customer orientation.
D) Continuous improvement.
E) Lean business model.

Question

Quizplus · Accepted Answer

The description provided refers to the lean business model, which emphasizes eliminating waste and maximizing value for customers. Total quality management, managerial accounting, and continuous improvement are all related concepts but do not capture the specific goal of waste elimination. Customer orientation is also important but does not necessarily entail the same focus on waste reduction as the lean model.

The Model Whose Goal Is to Eliminate Waste While Satisfying