NCEA Level 3 Business Studies Practice Questions - New Zealand NCEA Level 3 Business Studies Exam

The Japanese business philosophy of 'Kaizen' is best described as:

Continuous, incremental improvement in work processes involving all employees A one-off radical restructuring of an entire international corporation Outsourcing non-core operational activities to low-cost foreign suppliers Achieving zero debt through aggressive asset divestment and liquidations

Correct Answer:

Continuous, incremental improvement in work processes involving all employees

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