The firm's purpose and where it fits into the world is identified by the
A) strategy.
B) policy.
C) mission.
D) objective.

Question

Quizplus · Accepted Answer

The firm's purpose and where it fits into the world is identified by its mission statement. This statement outlines the company's goals and objectives, as well as its values and beliefs, which guide its decisions and actions. While strategy, policy, and objectives are important components of a company's overall plan, they are more specific and focused than the mission statement, which provides a broad overview of the company's overall purpose and direction.

The Firm's Purpose and Where It Fits into the World