Which of These Examples of a Mission Statement's Focus Area

question 100

Multiple Choice

Which of these examples of a mission statement's focus area is not effective?

• A)Starbucks focuses on the café experience rather than coffee.
• B)Union Pacific focuses on transportation rather than railroads.
• C)Exxon/Mobil focuses on oil and gas rather than energy.
• D)Universal Studios focuses on entertainment rather than movies.
• E)AT&T focuses on communication rather than telephones.

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Definitions:

U.S. Market

The economic arena constituted by the exchange of goods and services within the United States, characterized by its diversified industries and consumer base.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the net benefit to society, and it is impossible to make one individual better off without making someone else worse off.

No-Trade Situation

A scenario in which either due to policy decisions, protectionist measures, or lack of comparative advantage, countries or entities do not engage in international trade with each other.

Domestic Price

The price of goods or services within a country's borders, influenced by local demand and supply conditions.