The Implementation of a Large Number of Small, Incremental Improvements

question 38

Short Answer

The implementation of a large number of small, incremental improvements in all areas of the organization on an ongoing basis is referred to as _____.

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Definitions:

Consumer Products

Goods sold directly to the end consumer for personal use, as opposed to being sold for further production or processing.

Detrimental Effects

Negative impacts or outcomes that result from a particular action or set of conditions.

Developed Markets

Countries with highly industrialized economies, well-developed financial markets, and high standards of living.

Wage-related Expenses

Costs incurred by employers that are directly associated with the payment of wages to employees, including taxes, benefits, and insurance.