By understanding its core values, an organization can take steps to define its _________, a declaration of the organization's functions in society, often identifying its customers, markets, products, and technologies.

Question

Quizplus · Accepted Answer

A mission statement is a declaration of the organization's functions in society, often identifying its customers, markets, products, and technologies. It explains why the organization exists and its purpose. By understanding the organization's core values, a mission statement can be crafted to guide the actions and decisions of the organization. Choice A is incorrect because a benefit statement typically describes the value proposition of a product or service. Choice B is incorrect because a business portfolio refers to the collection of products and services offered by the organization. Choice C and E are incorrect because they do not accurately describe a declaration of an organization's functions in society.

By Understanding Its Core Values, an Organization Can Take Steps