In a(n)_______,a global business explains why it exists and what it plans to accomplish.
A) strategy formulation
B) mission statement
C) annual budget
D) prospectus
E) code of ethics

Question

Quizplus · Accepted Answer

A mission statement is a formal statement that explains the purpose and goals of an organization. It is a key part of strategy formulation as it outlines the reason for the organization's existence and its intended direction. A mission statement is a concise and clear statement that communicates the organization's purpose to its employees, customers, and other stakeholders.

In A(n)_______,a Global Business Explains Why It Exists and What