An Effective Business Mission Statement Is

question 88

Multiple Choice

An effective business mission statement is:

• A)based on an analysis of anticipated environmental conditions.
• B)defined in terms of the products and services the company produces.
• C)based on short-term thinking and marketing myopia.
• D)developed independently of the external business environment.

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Definitions:

Bank Clears

The process by which a bank processes transactions and settles payments between parties.

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in exchange for value.

Sum Certain In Money

A specified, fixed, or exact amount of money that is owed or due to be paid under a contract or agreement.

Enforceable Contract

a valid agreement between parties that can be legally upheld and compelled in a court of law.