GENERAL KNOWLEDGE

Detailed explanation-1: -A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. It is usually one sentence or a short paragraph, explaining a company’s culture, values, and ethics.

Detailed explanation-2: -A mission statement is a concise explanation of the organization’s reason for existence. It describes the organization’s purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

Detailed explanation-3: -A purpose statement provides the reason or reasons you exist. It is about why you exist, whereas the mission is about what you do and for whom. This distinction is often difficult to extract from strategic plans or corporate websites.

Detailed explanation-4: -A good business mission statement should be between one and three sentences and never exceeds 100 words. This means they’re a little longer than most company slogans, but they’re still short, catchy, action-focused statements that encapsulate what your business does and what its values are.

Detailed explanation-5: -We intend to make enough profit to generate a fair return for our investors and to finance continued growth and development in quality products. We also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas, and hard work.