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    Question

    Which of the following management practices is most

    effective for MSMEs to reduce operational costs ?
    A Outsourcing all functions to reduce overhead Correct Answer Incorrect Answer
    B Implementing lean management techniques to eliminate waste Correct Answer Incorrect Answer
    C Increasing inventory levels to ensure product availability Correct Answer Incorrect Answer
    D Offering large discounts to increase volume sales Correct Answer Incorrect Answer
    E Reducing employee salaries to cut costs Correct Answer Incorrect Answer

    Solution

    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.

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