The Goal of _____________________________ Is to Eliminate the Unnecessary Non-Value

question 97

Short Answer

The goal of _____________________________ is to eliminate the unnecessary non-value added processes, then simplify and automate the remaining processes to significantly reduce cycle time, labor, and costs.

---

Definitions:

Brand Extensions

A marketing strategy where a company uses an existing brand name to launch a product in a different category.

Cannibalization

The decrease in the number of sales, income, or market presence of an existing product caused by the launching of a new product by the same manufacturer.

Corporate Branding

Corporate branding is the practice of promoting the brand name of a corporate entity, as opposed to specific products or services, to enhance its reputation and identity.

Samsung Electronics

A multinational electronics company headquartered in South Korea, known for manufacturing a wide range of consumer and industry electronics, including smartphones, TVs, and semiconductors.