Question

*2) Kaizen refers to incorporating cost reductions ________.*

A) in each successive budgeting period
B) in each successive sales forecast
C) in all customer service centers
D) in all areas of the organization
Objective 6.6

Answer 1

Kaizen refers to incorporating cost reductions in all areas of the organization.The correct answer is option D.

Step-by-step explanation:

The correct answer is D) in all areas of the organization. Kaizen is a Japanese term that means continuous improvement. It emphasizes making small, incremental changes in all aspects of a business to achieve continuous improvement in quality, efficiency, and cost reduction.

By incorporating cost reductions in all areas of the organization, businesses can identify opportunities to reduce waste, streamline processes, and optimize resources. This can result in improved profitability and competitiveness.

For example, a manufacturing company could implement kaizen principles by regularly reviewing and revising production processes to eliminate inefficiencies which could lead to cost savings and improved productivity.The correct answer is option D.