A business definition ______________.
A) is the way a firm or a business describes itself to employees, customers, and other constituencies
B) distinguishes a firm from other business organizations that may or may not be its competitors
C) provides an organization with an identity that describes what is "central, distinctive, and enduring" about it
D) All of these
E) None of these

Question

Quizplus · Accepted Answer

All of these options define a business definition. A business definition is a statement that communicates the core purpose, values, and strategy of the organization, and sets it apart from competitors. Business definitions are important for establishing a clear identity and direction for the organization, and for communicating that identity to stakeholders.

A Business Definition ______________