MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is a sentence describing the purpose of the business
A
Market Research
B
Market
C
Cash Flow
D
Mission Statement
Explanation: 

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: -Their mission statement is to keep the peace on our railways and make them safe and secure.

Detailed explanation-4: -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-5: -Your mission statement should make readers feel like something is happening now versus in the past. For example, write, “[Your company name] makes [your products] to enhance your quality of life, ” rather than writing, “These [your products] are made by [your company name] to improve your life.”

There is 1 question to complete.