Strategies an Organization Develops to Provide Value to the Customers

question 264

Multiple Choice

strategies an organization develops to provide value to the customers it serves is called a(n)

• A) mission statement.
• B) objective goal.
• C) vision statement.
• D) business model.
• E) protocol.

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Definitions:

Duty Of Loyalty

A legal obligation requiring individuals to act in the best interests of another party, typically in a fiduciary relationship.

Agency Relationship

A legal bond where one party, the agent, acts on behalf of another party, the principal, in a business transaction.

Irrevocable

Something that cannot be changed, reversed, or undone, typically referring to certain contracts, trusts, or agreements.

Coupled With An Interest

A right or benefit that cannot be taken away because it is legally attached to another property or contractual right.