Which Statement Is TRUE

question 32

Multiple Choice

Which statement is TRUE?

• A) Companies must choose between having a mission statement or a vision statement.
• B) A company can't have a mission statement unless it has a vision statement.
• C) A vision statement cannot be established until a company has developed its mission statement.
• D) The vision statement should be established before the mission statement.
• E) Companies are required by law to have both mission and vision statements.

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Definitions:

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.

Prices

The amount of money required to purchase goods or services.

Buyers

People or organizations that acquire goods or services.

Income Increase

A rise in the amount of money earned by a person, group, or country, which can affect purchasing power and consumption patterns.