Mission Statements Should Both Emphasize the Company's Strengths in the Marketplace

question 7

True/False

Mission statements should both emphasize the company's strengths in the marketplace and be motivating.

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Definitions:

Cultural Relativism

A principle that suggests the beliefs and activities of a society should be understood based on that society's own context rather than judged against the criteria of another.

Universalism

The ethical concept that some principles or values are universally applicable and must be respected across all cultures and situations.

International Business

Commercial activities that involve transactions of goods, services, or resources between companies or consumers across national borders.

Social Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.