Integrated Logistics Management (ILM)refers to ______

question 73

Multiple Choice

Integrated logistics management (ILM) refers to ______.

• A)a computer system that integrates ordering,transportation,and warehousing of supplies of raw materials
• B)the practices used to ensure a continuous and uninterrupted flow of materials and products from suppliers to manufacturers to the final consumers
• C)mechanisms by which government regulations can be circumvented
• D)infinitely low-cost management techniques

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Definitions:

Investment Turnover

A measure of the efficiency with which a company or portfolio generates revenue from its investments, calculated as sales divided by average invested assets.

Return On Investment

An evaluation tool for assessing the profit or efficiency of an investment, which involves dividing the investment's net profit by its cost.

Investment Center

A business unit or segment that is responsible for its own revenues, expenses, and investments, and its performance is measured by its return on investment (ROI).

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by the cost of the investment.