'If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be preemptive.
A corporation, abbreviated as co., is a legal entity, natural, legal, or a mixture of both, which is a collection of people with a specific purpose. Company members have common goals and work together to achieve specific goals.
Unlike a typical mission statement, however, a company purpose is primarily intended to describe what the company does. While outlining the company's general direction, it can also include specific aspects such as areas of focus, strategic partnerships, or target groups.
General departments include Marketing, Finance, Operations Management, Human Resources and IT. These five divisions represent major divisions within public companies, although smaller divisions often exist within independent companies.
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