A Desired Future State That an Organisation Attempts to Realise

question 60

Multiple Choice

A desired future state that an organisation attempts to realise is called a(n) :

• A) plan
• B) vision statement
• C) goal
• D) mission statement
• E) idea.

---

Definitions:

Experiential Attributes

Characteristics of a product or service that can only be assessed after direct experience or consumption, such as taste or satisfaction.

Transactional Costs

Expenses incurred during the process of buying or selling services or commodities, encompassing costs associated with information, negotiation, and enforcement of contracts.

Financial Outlay

The amount of money spent or invested in a specific endeavor or project.