Kaizen Is a Japanese Term Referring to __________________________

question 104

Multiple Choice

Kaizen is a Japanese term referring to __________________________.

• A) just-in-time production
• B) continuous improvement
• C) employee involvement
• D) concurrent engineering
• E) simplicity

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Definitions:

Total Utility

Denotes the total satisfaction a consumer derives from consuming a specific quantity of goods or services.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Process Innovation

Innovations that involve a new or significantly improved production or delivery method, enhancing efficiency or quality.

Process Innovation

The introduction of a new or significantly improved production or delivery method to reduce costs, improve quality, or produce a good or service more efficiently.