To Ensure Credibility, Vision Statements Should (1) Challenge Core Values

question 20

Multiple Choice

To ensure credibility, vision statements should (1) challenge core values, (2) be straightforward and simple, and (3) contain exciting and energizing language. Which statements are correct?

• A) Statements 1 and 2
• B) Statements 1 and 3
• C) Statements 2 and 3
• D) Only statement 3

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Definitions:

Consumer Expenditure

The total amount spent by consumers on goods and services in a given period.

Total Revenue

The overall amount of money generated from the sale of goods and services before any expenses are subtracted.

Inelastic

Describes a situation where the quantity demanded or supplied changes by a smaller percentage than the percentage change in price.

Total Revenue

is the total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.