Values provide the context within which a society's norms are established and justified
Indicate whether the statement is true or false.
TRUE
Values are abstract ideas about what a society believes to be good, right, and desirable. They form the bedrock of a culture. They provide the context within which a society's norms are established and justified.
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Which of the following best explains why U.S. firms typically place earlier and greater emphasis on expansion into Canada and the U.K.?
A) most significant sales opportunities B) similarities in culture and legal systems C) availability of necessary natural resources D) government incentives for allied nations
The difference between the total value added and the total costs incurred is called the ________ of the value chain
A) actual value B) total margin C) total revenue D) gross turnover