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Continually Evaluating Products and Services to Ensure That Maximum Effectiveness,efficiency

question 15

Multiple Choice

Continually evaluating products and services to ensure that maximum effectiveness,efficiency and potential are being obtained from them is called:


Definitions:

Investment Turnover

A ratio used to measure the efficiency of a company's use of its investments in generating sales revenue, indicating how well the company is utilizing its assets.

Return On Investment

A metric for determining an investment's profitability or efficiency, achieved by dividing the net profit by the investment's total cost.

Invested Assets

Resources or funds committed to ventures with the expectation of generating income or profit.

Investment Center

A business segment or unit within an organization that is responsible for its own revenues, expenses, and investments.

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