Which of the following are the main principles of Kaizen Costing ........

Costing - Phase (I & II) Lean System and Innovation

Which of the following are the main principles of Kaizen Costing?

Kaizen Costing system seeks gradual improvements in the existing situation, at an acceptable cost.

Kaizen Costing encourages collective decision making and application of knowledge.

Kaizen involves setting standards and then continually improving these standards to achieve long-term sustainable improvements.

The focus of Kaizen Costing is on eliminating waste, improving systems, and improving productivity.

All of the above

Kaizen Costing Principles

The system seeks gradual improvements in the existing situation, at an acceptable cost.
It encourages collective decision making and application of knowledge.
There are no limits to the level of improvements that can be implemented.
Kaizen involves setting standards and then continually improving these standards to achieve long-term sustainable improvements.
The focus is on eliminating waste, improving systems, and improving productivity.
Involves all employees and all areas of the business.