"Kaizen" Means

question 75

Multiple Choice

"Kaizen" means

• A) Zero defects.
• B) Total quality management.
• C) Value chain.
• D) Continuous improvement.
• E) Customer satisfaction.

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Definitions:

Vertical Axis

A line or reference point on a graph or chart that typically represents the dependent variable or outcome in an analysis.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from consuming one more unit of a good or service.

Optimum

The most favorable condition or highest achievable level of efficiency under the given circumstances.

Indifference Curves

Graphical representations in economics that show combinations of goods among which a consumer is indifferent.