Which of the Following Refers to the Shared Principles, Standards

question 82

Multiple Choice

Which of the following refers to the shared principles, standards, and goals of an organization that are included in the mission statement or as a separate statement?

• A)Differentiation
• B)Cost leadership
• C)Vision statement
• D)Vertical scope
• E)Organizational values

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Definitions:

Usage of Trade

Customary practices and usages that parties to a transaction in a particular trade commonly observe.

Commercial Dealing

Activities involved in the purchase and sale of goods and services in the marketplace.

Industry

The economic activity concerned with the production of goods, services, and the extraction of raw materials.

Requirements Contract

An agreement in which one party agrees to purchase all of his or her requirements of a particular product from another party. See also output contract.