Question

A mission statement serves as a ________.A) statement of the organization's net profitsB) plan for short-term sustainabilityC) statement of the organization's purposeD) statement of the organization's current liabilitiesE) repatriation plan for the organization's highly-skilled employees

Answer 1

Answer:

C. Statement of the organization's purpose

Explanation:

A mission statement is what defines the purpose or value of an organization. It define the questions like why business does the business exist and its scope of operation.

Mission statement is also a long term strategic goals of an organization, which aim to identify company's core customers, identify the products and services to be sold and also share the location of the company.

The benefits of mission statement is to communicate the reason for being in business to investors and customers. It is also a process of affirmation in which a firm differentiate itself from competitors.