Sarah, the cofounder of a start-up company that sells sports goods, prepares a purpose statement for the company. In the purpose statement, she clarifies how the company will deal with its competitors and provide services to its customers. In this scenario, Sarah has most likely contributed to developing the company's _____.

Question

Quizplus · Accepted Answer

A purpose statement is a key element of a company's strategic plan, which outlines its overall mission, goals, and strategies for achieving them. It typically includes information on how the company will compete with other firms and serve its customers, among other things. Therefore, Sarah has most likely contributed to developing the company's strategic plan.

Sarah, the Cofounder of a Start-Up Company That Sells Sports