A Business Plan Mission Statement

question 58

Multiple Choice

A business plan mission statement 

• A)is optional.
• B)must be written in eight or fewer words.
• C)explains the purpose of your business and why it will succeed.
• D)All of these statements about a business plan mission statement are correct.

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Definitions:

Skills Inventory

An assessment tool that lists the skills and competencies of an individual or workforce to identify strengths, weaknesses, and areas for development.

Job Duties

The set of tasks and responsibilities that are required to be performed by an individual in their role at work.

Human Resource Plans

Strategic plans to ensure that an organization has the right number and kinds of capable employees to meet its objectives.

Competitive Strategies

Techniques and tactics businesses employ to gain an advantage over competitors, such as differentiation, cost leadership, or focusing on niche markets.