The basic purpose of a company that defines the type of business in which the company is engaged in and explains how it differs from its competitors is called a:
A) GRI.
B) mission statement.
C) social issue.
D) corporate social reporting method.

Question

Quizplus · Accepted Answer

A mission statement defines the purpose or core focus of a company, including its type of business and unique selling points compared to its competitors. GRI (Global Reporting Initiative) is a framework for sustainability reporting. Social issue refers to a problem or concern that affects society. Corporate social reporting method is a broader term that encompasses the various ways a company reports its social and environmental impacts, including through sustainability reports, annual reports, and other channels.

The Basic Purpose of a Company That Defines the Type