Questions and Answers
What is the 1st part of Costco's mission statement?
To continually provide our members with quality goods and services at the lowest possible prices
What is the 2nd part of Costco's mission statement?
In order to achieve our mission we will conduct our business with the following Code of Ethics in mind
What is the 1st part of Costco's code of ethics?
Obey the law
What is the 2nd part of Costco's code of ethics?
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What is the 3rd part of Costco's code of ethics?
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What is the 4th part of Costco's code of ethics?
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What's comes AFTER the 4th part of Costco's code of ethics?
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What is the 5th part of Costco's code of ethics?
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What is Costco's whole Mission Statement and Code of Ethics?
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Study Notes
Costco Mission Statement
- Commitment to providing quality goods and services at the lowest possible prices for members.
Costco Code of Ethics
- Integral to achieving the mission, the business is guided by the following principles:
Key Principles of the Code of Ethics
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Obey the law: Legal compliance is fundamental for ethical business operations.
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Take care of our members: Prioritizing member satisfaction and loyalty as essential for success.
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Take care of our employees: Employee well-being and support are vital for a productive workplace environment.
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Respect our suppliers: Maintaining positive relationships and ethical interactions within the supply chain is crucial.
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Reward our shareholders: Achieving the organization’s ultimate goal through consistent execution of the above principles benefits shareholders.
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Description
Test your knowledge of Costco's mission statement and code of ethics with these flashcards. Understand the core values that guide Costco's operations and their commitment to providing quality goods and services at low prices.