Asked by Kristina Singh on Jul 22, 2024
Verified
Which of the following provides an answer to these questions: What is our business? Why does our business exist? What are our values? What does our business intend to become?
A) functional strategy
B) operational strategy
C) business portfolio.
D) mission statement
Mission Statement
A formal summary of the aims and values of a company, organization, or individual.
Operational Strategy
A plan focusing on the efficient allocation and use of resources within a company to achieve its long-term objectives.
- Articulate the purpose and elements of a corporate mission statement.
Verified Answer
MA
Michelle AmezquitaJul 23, 2024
Final Answer :
D
Explanation :
A mission statement is a concise statement that defines the purpose and goals of an organization. It typically includes information about the organization's business and its values, as well as its intended direction and future goals.
Learning Objectives
- Articulate the purpose and elements of a corporate mission statement.
Related questions
In Most Firms,the Process of Developing a Marketing Strategy Begins ...
All of the Following Should Be Included in a Corporate ...
A Company's Mission Statement,structure,and Objectives Can Be Found in Its ...
Which of the Following Is One of the Five Basic ...
A Vision Statement Answers Which of the Following Statements ...