Which of the following statements is true about the kaizen philosophy?
It states that the needed amount of each component of a product is figured on the basis of the amount of the final product to be produced.
It emphasizes conformance to requirements and zero defects.
It emphasizes redesigning of an organization's processes to better serve its customers.
It emphasizes comprehensive controls, increasing cost-cutting, and annual objective reviews.
It focuses on improvement through incremental refining of existing processes and extensive employee participation.