Maximizing the efficiency of the manufacturing or product development process to minimize costs is referred to as _________.
A) managerial skill
B) business superiority
C) operational excellence
D) maintenance strategy
E) differentiation

Question

Quizplus · Accepted Answer

Operational excellence focuses on optimizing processes and systems to minimize costs and maximize efficiency, which aligns with the goal of maximizing efficiency in manufacturing or product development processes to minimize costs. The other options are not directly related to this concept.

Maximizing the Efficiency of the Manufacturing or Product Development Process