Which Three Entities Should Be Represented in the Mission Statement

question 42

Multiple Choice

Which three entities should be represented in the mission statement?

• A) Employees, customers and shareholders
• B) Employees, customers and investors
• C) Customers, contractors and investors
• D) Stakeholders, employees and employers

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

Actual Price

The price at which a good or service is sold, not considering discounts or adjustments.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.