Ask Question
16 May, 19:14

Which of the following terms refers to a formal statement in an organization's strategic plan that describes the overall purpose of the organization and what it intends to achieve in terms of its customers, products, and resources? A. Business plan B. Mission statement C. SWOT analysis D. Situation analysis E. Return on marketing investment

+4
Answers (1)
  1. 16 May, 20:30
    0
    The correct answer is B

    Explanation:

    Mission statement is one of the statement which is described what a firm is, why the firm exists, the reason for being or existence. At the minimum, the mission statement defined as who the primary customers are, recognize the services and products which the firm produce and also define the geographical location in which the business operate.

    So, the mission statement is the formal statement states the strategic plan describe the overall motive of the business.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following terms refers to a formal statement in an organization's strategic plan that describes the overall purpose of the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers