Mission Statements Typically Includea Definition of Products and Servicesthe Organization

question 58

True/False

Mission statements typically includea definition of products and servicesthe organization provides,technologies used to provide these products and services,types of markets,important customer needs,and distinctive competencies or the expertisethat sets the firm apart from others.

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Definitions:

Disaffirmance

The right for minors to avoid contracts as a means of protecting against their own improvidence and against overreaching by adults.

Majority

Indicates more than half of a particular group or quantity, often used to describe the greater part of a total number.

Disaffirm

To assert the invalidity of; often related to contracts or agreements, indicating a refusal to recognize them as binding.

Uniform Commercial Code

A set of laws that govern commercial transactions in the United States, aimed at making business laws more consistent across states.