A statement of purpose describing who a company is and what it does is

Question

Quizplus · Accepted Answer

A statement of purpose that describes who a company is and what it does is called a mission statement. A mission statement is a brief summary of the aims and values of a company, organization, or individual. It helps to guide decision-making and provides a sense of direction for the company. It is not a policy, ritual, or rule as they each have their own distinct meanings and do not define the purpose of a company.

A Statement of Purpose Describing Who a Company Is and What