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Question

Where you want your business to be in 10 years time. This can be termed as _________.

A
Mission statement
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B
Vision statement
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C
Statement of purpose
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D
Memorandum of understanding
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Solution

The correct option is B Vision statement
Vision statement is an aspirational description of what an organisation would like to achieve or accomplish in mid term or long term future It is intended to serve as clear guide for choosing current and future goal of action.

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