ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When a company wants to make a statement
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Where a company want to relocate
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How a company accomplishes its goals
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How a company target its market
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Detailed explanation-1: -First, it outlines a company’s goals and position in the industry for its customers, competitors, and other stakeholders. It also helps the organization focus and stay on track to make the right decisions about its future. Furthermore, the mission statement helps clarify a company’s purpose.
Detailed explanation-2: -What is a Mission Statement? A Mission statement is important for an organization because it defines the business, products or services, and customers, thereby defining the primary objective. It provides detailed information about what the organization does, how it does, and who it does it for.
Detailed explanation-3: -Mission statements guide the company forward By identifying the purpose of your work, you can better understand the goals your company should be committed to accomplishing. Once those goals are set, you and your team can develop a sound strategy to achieve them.