Kaizen costing is a system used for products that tend to have decreasing prices or increasing quality across time.

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Kaizen costing is a cost improvement strategy that is commonly applied to products that tend to experience falling prices or rising quality over time. The objective of Kaizen costing is to continually reduce costs and improve quality through a systematic process of identifying waste, inefficiencies, and opportunities for improvement in every aspect of the production process. By making small, incremental improvements on a regular basis, companies are able to maintain their competitiveness in the marketplace and achieve long-term success.

Kaizen Costing Is a System Used for Products That Tend