The ____________ is a plan articulating where a business seeks to go and how it expects to get there.
A) vision statement
B) mission statement
C) stakeholder statement
D) stockholder statement
E) business strategy

Question

Quizplus · Accepted Answer

A business strategy is a plan that outlines the direction and objectives of a company, as well as the methods it will use to achieve them. It covers a range of areas, including marketing, operations, finance, and human resources, among others. A vision statement is a brief and aspirational statement of what a company hopes to achieve in the future. A mission statement describes the company's purpose, values, and goals. A stakeholder statement is a document that outlines how a company plans to engage with its stakeholders, including customers, employees, suppliers, and communities. A stockholder statement communicates how the company plans to create value for its shareholders. None of these statements fully captures the scope or purpose of a business strategy.

The ____________ Is a Plan Articulating Where a Business Seeks