Question

A_________defines the company's business, its objectives and its approach to reach those objectives.

• A. Vision statement
• B. Mission statement
• C. Planning statement
• D. Forecasting statement

Answer 1

Answer: (B)

Mission statement

A mission statement is a brief description of why a company or nonprofit organization exists. In one to three sentences, it explains what the company does, who it serves, and what differentiates it from competitors. It’s used to provide focus, direction, and inspiration to employees while it tells customers or clients what to expect from the business.