Kaizen Costing Is

question 27

Multiple Choice

Kaizen costing is:

• A) Another name for target costing
• B) Focused only on cost reduction
• C) Continuous improvement in cost, quality, and functionality
• D) A method for budgeting

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Definitions:

Buying Organization

An entity focused on purchasing goods and services, typically seeking to optimize procurement processes and costs.

Incongruent

Lacking harmony, consistency, or compatibility between aspects or elements.

Supply Objectives

Goals aimed at ensuring the efficient and effective procurement, management, and distribution of materials and products.

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term business objectives and competitive advantage.