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Kaizen costing is a technique of controlling the cost incurred over unproductive activities and resources which does not add any value to the organization. In simple words, it is a practical approach to solving cost-related problems to improve the overall efficiency of the organization..
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Types of Kaizen Costing Specific: The and 1 . Asset asset organization-specific kaizen costing focuses on the need for a particular deal or the business unit. 2. Product Specific: The activity which is project or product-oriented, aiming at value analysis is termed as product- specific kaizen costing. i¯ Asset Specific Product Specific Types of Kaizen Costing.