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Business Studies

Limitations of Planning

A statement d...

Question

A ________ statement defines the company's business, its objectives and its approach to reach those objectives.

A

Planning

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B

Mission

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C

Forecasting

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D

Policy

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Solution

The correct option is B Mission
Mission is a company's statement that defines the company's business and why the company was started. The statements includes the objectives of the company which usually refers to long tern objectives and the company's plans and strategies in order to achieve those objectives.

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