One objective of lean production is to:
a. replace product variety with standardized output.
b. reduce setup times for complex equipment.
c. decrease utilization of individual machines through scheduling.
d. reduce the quality of a product to keep unit costs low.
e. increase the level of minimum efficient scale of output.

option B.

Explanation:

The correct answer is option B.

Lean production is the technique of production that originated in Japan.

This method is used to reduce the wastage of the product without compromising on the quality of the material.

Lean Production reduces the time of production, increases the volume of production.

So, from the given option reduction of setup time for complex equipment is the example of lean production.

there are no components of a physical goal mentioned on the list of choices that you've provided.