GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mission Statement
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Vision Statement
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Purpose Statement
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Value Statement
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Detailed explanation-1: -A mission statement is a brief description of why a company or organization exists. In one to three sentences, it explains what the company does, who it serves, and what differentiates it from competitors.
Detailed explanation-2: -Companies can benefit from having a mission statement. 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.
Detailed explanation-3: -A mission statement articulates a company’s purpose. It announces to the world at large why your company exists. Every business should have a mission statement as a way of unifying the organization.