Continuous improvement:
A) Is a measure of profits.
B) Is a measure of costs.
C) Rejects the notion of "good enough."
D) Is not applicable to most businesses.
E) Is possible only in service businesses.

Question

Quizplus · Accepted Answer

Continuous improvement is the process of constantly seeking ways to improve processes, products, or services. It involves the rejection of the notion of "good enough," as there is always room for improvement. Continuous improvement can benefit businesses by increasing efficiency, boosting productivity, and reducing costs, but it is not necessarily a measure of profits or costs. It is applicable to all businesses, not just service ones.

Continuous Improvement