employee suggestion
customer suggestion
cost suggestion
price suggestion
Answer is Right!
Answer is Wrong!
The correct answer is: A. employee suggestion
Kaizen budgeting is a continuous improvement process that involves employees in identifying and implementing cost-saving measures. This can be done through suggestion boxes, employee surveys, or team meetings. By involving employees in the budgeting process, businesses can tap into their creativity and problem-solving skills to find new ways to save money.
Employee suggestions can lead to a variety of cost savings, such as:
- Reducing waste
- Improving efficiency
- Finding new suppliers
- Developing new products or services
Kaizen budgeting is a win-win for both businesses and employees. Businesses can save money, while employees feel more valued and engaged in their work.
Here are some brief explanations of each option:
- Customer suggestion: This is not a significant feature of Kaizen budgeting. Kaizen budgeting is a process that focuses on internal cost savings, not on customer feedback.
- Cost suggestion: This is a significant feature of Kaizen budgeting. Kaizen budgeting is a continuous improvement process that involves employees in identifying and implementing cost-saving measures.
- Price suggestion: This is not a significant feature of Kaizen budgeting. Kaizen budgeting is a process that focuses on internal cost savings, not on pricing decisions.