Identification of a "Value Stream," Pursuit of Perfection, and Making

question 147

Multiple Choice

Identification of a "value stream," pursuit of perfection, and making value flow without interruption are examples of

• A)total quality management.
• B)activity-based costing.
• C)principles of lean thinking.
• D)Kanban processing.

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Definitions:

Environmental Forces

Environmental forces are external factors such as social, economic, technological, environmental, and political conditions that can affect an organization's operations and strategic planning.

Cause Marketing

A marketing strategy where businesses align with social issues or causes to generate both social and brand value.

Societal Marketing Trend

A marketing approach that considers not only the company's requirements but also the consumers' needs and society's long-term interests.

Public Relations Exercise

Activities designed to manage and improve the public image and relationships of an organization with its stakeholders.