A business's _____ defines the present business scope and broadly describes an organization's present capabilities, focus, and activities.

Question

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A mission statement defines an organization's purpose, values, and goals. It provides direction and informs decision-making for the company. A budget is a financial plan for the allocation of resources. A policy is a set of guidelines or rules for behavior within an organization. An operational plan lays out specific tactics and actions to achieve the organization's goals. While all of these are important components of a business, none of them define the present business scope and broadly describe an organization's present capabilities, focus, and activities like a mission statement does.

A Business's _____ Defines the Present Business Scope and Broadly