Answered: A purpose statement, which is often…

A purpose statement, which is often referred to as an organizational mission or vision, is a statement of a company's purpose or reason for existing. O True O False

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

A purpose statement, which is often referred to as an organizational mission or vision, is a statement of a company's purpose or reason for existing.
True
False

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Step 1: Purpose statement

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Step 2: Organizational mission or vision

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Step 3: Company's purpose

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Step 4: Reason for existing

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