A management concept that seeks to uncover and eliminate waste in 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 that seeks to uncover and eliminate waste in business activities is called the Lean business model. It focuses on creating value for customers with minimum waste in resources, time, and effort. It aims to optimize the entire supply chain, reduce inventory, and eliminate non-value adding activities. Continuous operations refer to uninterrupted production, while customer orientation focuses on meeting customer needs. Just-in-time is a lean production method for inventory management, and theory of constraints is a management paradigm that identifies and removes bottlenecks in a process.

A Management Concept That Seeks to Uncover and Eliminate Waste