GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The important principles that guide decisions and action in a company are called ____ values.
A
ethical
B
beliefs
C
core
D
leadership
Explanation: 

Detailed explanation-1: -Company core values are the principles guiding and often driving an organization’s mission and goals. They guide crucial actions and behaviors, such as how business decisions are made and successful relationships are formed. They inform the company’s culture, hiring practices, and product ideation.

Detailed explanation-2: -Company values (also called corporate values or core values) are the set of guiding principles and fundamental beliefs that help a group of people function together as a team and work toward a common business goal. These values are often related to business relationships, customer relationships, and company growth.

Detailed explanation-3: -Fundamental business principles are statements that a company or organization adheres to in order to identify its priorities and guide future decisions. These principles may address things like organization and strategy or customer experience and satisfaction.

Detailed explanation-4: -Core Values-the fundamental beliefs of an organization. These are generally crafted to be used internally through strategy, marketing, and sales, but often end up in external messaging as well. Guiding Principles-actionable principles that govern the culture of your brand from the inside out.

Detailed explanation-5: -Core values are the deeply ingrained principles that guide all of a company’s actions; they serve as its cultural cornerstones. Collins and Porras succinctly define core values as being inherent and sacrosanct; they can never be compromised, either for convenience or short-term economic gain.

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