Merck-"highest level of scientific excellence," Whole Foods-"Creating ongoing win-win partnerships with our suppliers," Fedex---"We are honest,ethical,and do the right thing." These are examples of __________.

Question

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These are examples of values statements, which communicate a company's core values and beliefs. Process innovations refer to improvements in operational processes or procedures. Value-based management is a business philosophy that focuses on creating value for stakeholders. Mission statements describe a company's purpose and objectives.

Merck-"Highest Level of Scientific Excellence," Whole Foods-"Creating Ongoing Win-Win Partnerships