A management concept that seeks to uncover and eliminate waste in all aspects of business activities is called:
A) Continuous operations.
B) Customer orientation.
C) Just-in-time.
D) Theory of constraints.
E) Lean business model.

Question

Quizplus · Accepted Answer

The management concept of uncovering and eliminating waste in all aspects of business activities is known as the Lean Business Model. This model focuses on efficiency and continuous improvement to enhance productivity, reduce costs, and increase customer satisfaction. Just-in-time and Theory of Constraints are also part of the Lean approach, but not as comprehensive as the Lean Business Model. Customer orientation and Continuous operations are both essential but do not explicitly focus on eliminating waste.

A Management Concept That Seeks to Uncover and Eliminate Waste