Which of the Following Provides an Answer to These Questions

question 50

Multiple Choice

Which of the following provides an answer to these questions: What is our business? Who are our customers? What do our customers value? What should our business be?

• A)objectives and goals
• B)mission statement
• C)business portfolio
• D)marketing and functional strategies
• E)operational strategies

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Definitions:

Necessary and Proper Clause

A clause in the U.S. Constitution granting Congress the power to pass all laws required and appropriate for executing its declared powers.

Spending Power

The authority of a government to allocate its resources by making expenditures to achieve economic or social objectives.

Takings Clause

An element of the U.S. Constitution's Fifth Amendment that prevents the government from seizing private property for communal purposes without fair compensation.

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory for the betterment of the health, safety, morals, and general welfare of their inhabitants.