Respecting the Contribution of Each Employee and Continuous Innovation Are

question 70

Multiple Choice

Respecting the contribution of each employee and continuous innovation are important values in 3M's ____.

• A) code of conduct
• B) corporate strategy
• C) organizational culture
• D) mission

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Definitions:

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Absolute Advantage

A term used in international trade theory to describe the ability of a country to produce a good more efficiently than another country.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient trade patterns.

Specialize

To specialize means focusing on a narrow area of knowledge or skill within a wider field, aiming to become an expert or highly skilled in that specific area.