The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:
A) Managerial accounting model.
B) Lean business model.
C) Just-in-time manufacturing model.
D) Corporate social responsibility model.
E) Continuous improvement model.

Question

Quizplus · Accepted Answer

The Lean business model is specifically designed to eliminate waste while ensuring that customers are satisfied and the company makes a positive return. It involves streamlining processes, continuously improving operations, and maximizing efficiency in order to reduce costs and increase profitability. The other models listed may have some similar goals, but they are not as focused on waste reduction and operational efficiency as the Lean business model.

The Model Whose Goal Is to Eliminate Waste While Satisfying