Which of the following defines why a company exists,outlines a company's core values,and positions the company within its market?
A)Mission statement
B)Functional strategy
C)Business strategy
D)Operations best practices
E)Competitive priorities

Question

Quizplus · Accepted Answer

A mission statement is a concise statement that defines why a company exists, outlines a company's core values, and positions the company within its market. Functional strategy refers to the specific actions taken within each functional area of the company. Business strategy is the overall plan for a company designed to achieve a long-term goal or set of goals. Operations best practices and competitive priorities are related to specific areas of operations management and do not encompass the overall purpose and values of a company.

Which of the Following Defines Why a Company Exists,outlines a Company's