Maximizing the efficiency of the manufacturing or product development process to minimize costs is referred to as

Operation excellence

Explanation:

This concept demonstrates the steady improvement in the product cycles with the support of product cycles, teamwork skills, leadership, problem-solving, decision making, etc. through which an organization's goals and objectives could be effectively and efficiently achieved.

The motive of every organization is to sell the products of the company as per the customer expectations so that it can gain the competitive advantage in the market place by minimizing the cost to the greater extent but at the same time, the company should maintain the quality of the product

answer; (b) insider trading;