The statement which usually accompanies the mission statement and expresses the firm's basic beliefs,values and aspirations is known as:

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The statement of philosophy is a declaration of the fundamental beliefs and values of the company. It expresses the aspirations, principles and culture of the company, which guide its activities and decisions. Grand strategy refers to the overall plan of the organization to reach its long-term objectives. Company profile is a detailed description of the company's history, products, services, and organizational structure. Long-term objectives refer to the specific goals set by the company to achieve its mission and vision.

The Statement Which Usually Accompanies the Mission Statement and Expresses