Question

By understanding its business, an organization can take steps to define its ________, a statement of the organization's scope. This statement often identifies its customers, markets, products, technology, and values.

Answer 1

Answer:

Mission

Explanation:

A Mission statement is a statement that defines who the customers are, the type of product or service the business is offering, the location of the business and the values on which its runs on or operates. The mission statement generally defines or answers the question on why the organization or company exist. It gives an understanding to the business. The mission statement describes what ab organization needs to do in achieving a set vision.