A written explanation of an organization's business intentions and aims is called a(n)________.
A)objective
B)mission statement
C)SWOT analysis
D)strategy for competitive differentiation

Question

Quizplus · Accepted Answer

A mission statement is a written declaration of an organization's core purpose and focus that generally remains unchanged over time. It communicates the organization's essential message to key stakeholders, such as customers, employees, and investors, and outlines its primary aims and objectives. A mission statement should be concise and direct, reflecting the company's values, culture, and overall philosophy. A SWOT analysis is a framework used to evaluate an organization's strategic position, whereas a strategy for competitive differentiation outlines the specific actions a company will take to stand out from its competitors. Objectives are specific and measurable goals that support the overall mission of the organization.

A Written Explanation of an Organization's Business Intentions and Aims