Which of the Following Provides an Answer to These Questions

question 6

Multiple Choice

Which of the following provides an answer to these questions: What is our business? Why does our business exist? What are our values? What does our business intend to become?

• A) functional strategy
• B) operational strategy
• C) business portfolio.
• D) mission statement

---

Definitions:

Goods

Tangible products that satisfy human wants or needs.

Production Possibilities Frontier

A curve that represents the maximum productive capacity of an economy when all resources are fully utilized.

Consumption Possibilities

The range of goods and services that a consumer can afford to purchase at a given level of income and prices.

Trade

The exchange of goods and services between individuals or entities, typically in an attempt to benefit from differences in cost or value.