A(n) ________ Describes Why a Company Exists and What It

question 63

Multiple Choice

A(n) ________ describes why a company exists and what it aspires to become.

• A) tactical statement
• B) values statement
• C) mission statement
• D) operations statement
• E) strategic statement

---

Definitions:

Product Life Cycles

The stages a product goes through from conception and introduction to the market to growth, maturity, and eventual decline.

Focus Forecasting

Forecasting that tries a variety of computer models and selects the best one for a particular application.

Computer Models

Simulations or algorithms created within a computer that represent or predict real-world systems, behaviors, or outcomes.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.