Which term is commonly used to describe the practice of making small, incremental improvements over time?

• A. Stock
• B. Just In Time Production
• C. Kaizen
• D. External Growth

Answer: (C)

Continuous improvement through small, ongoing changes is Kaizen, a Japanese term that literally means “good change.” It’s about everyone in the business looking for tiny, practical ways to improve processes every day, so efficiency, quality, and reducing waste gradually get better over time. The other ideas refer to different concepts: stock means inventory held by the business; Just In Time Production aims to minimize that inventory by receiving materials exactly when they’re needed; external growth is expanding the company through acquisitions or mergers. So the term that describes making small, incremental improvements over time is Kaizen.