Question

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. Continuous improvement model.
C. Just in time manufacturing model.
D. Corporate social responsibility model.
E. Lean business model.

Answer 1

lean business model

Step-by-step explanation:

The lean business model refers to a business plan that seeks to remove commodity and process squander while fulfilling customer requirements. The company will obtain more consistent returns such as higher sales as well as goodwill by fulfilling the customer's wishes.

A typical lean business plan involves flexible business methods such as constant growth, total quality management, and distribution processes for just-in-time. The three of such activities are helping firms to trim wasteful expenditure and improve the quality and productiveness.