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Costco Mission Statement and Ethics Quiz

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Costco Mission Statement and Ethics Quiz

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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?

Take care of our members Signup and view all the answers

What is the 3rd part of Costco's code of ethics?

Take care of our employees Signup and view all the answers

What is the 4th part of Costco's code of ethics?

Respect our suppliers Signup and view all the answers

What's comes AFTER the 4th part of Costco's code of ethics?

If we do the four things throughout our organization, then we will achieve our ultimate goal, which is to Signup and view all the answers

What is the 5th part of Costco's code of ethics?

Reward our shareholders Signup and view all the answers

What is Costco's whole Mission Statement and Code of Ethics?

To continually provide our members with quality goods and services at the lowest possible prices. In order to achieve our mission we will conduct our business with the following Code of Ethics in mind: 1. Obey the law 2. Take care of our members 3. Take care of our employees 4. Respect our suppliers. If we do these four things throughout our organization, then we will achieve our ultimate goal, which is to: 5. Reward our shareholders. Signup and view all the answers

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

Obey the law: Legal compliance is fundamental for ethical business operations.
Take care of our members: Prioritizing member satisfaction and loyalty as essential for success.
Take care of our employees: Employee well-being and support are vital for a productive workplace environment.
Respect our suppliers: Maintaining positive relationships and ethical interactions within the supply chain is crucial.
Reward our shareholders: Achieving the organization’s ultimate goal through consistent execution of the above principles benefits shareholders.

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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.