A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

Name: A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A broad mission statement provides flexibility for a firm to engage in a wide range of activities and products/services. It does not limit the scope of a firm's activities, but rather guides it towards achieving a certain overall goal or objective.

A Broad Mission Statement May Limit the Scope of a Firm's