Question

Which of the following management practices is most effective for MSMEs to reduce operational costs ?

Q: Answer-Which of the following management practices is most effective for MSMEs to reduce operational costs?...

Lean management focuses on eliminating waste and improving efficiency in production and operations. It is an effective strategy for MSMEs to reduce operational costs without compromising quality.

A Outsourcing all functions to reduce overhead

B Implementing lean management techniques to eliminate waste

C Increasing inventory levels to ensure product availability

D Offering large discounts to increase volume sales

E Reducing employee salaries to cut costs

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Which of the following management practices is most effective for MSMEs to reduce operational costs ?

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