How Does a Mission Statement Differ from a Vision Statement

question 75

Multiple Choice

How does a mission statement differ from a vision statement?

• A) The mission statement typically includes a fairly substantial effort to establish some direct line-of-sight between individual competency requirements and the broader goals of an organization.
• B) The mission statement includes the purpose of the company as well as the basis of competition and competitive advantage.
• C) The mission statement is an effort to anticipate future business and environmental demands on an organization,and to provide qualified people to fulfill that business and satisfy those demands.
• D) The mission statement includes the result of an analysis of the future availability of labor and also future labor requirements.

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Definitions:

In-Transit Merge

A logistics strategy that combines shipments from various suppliers while in transit to reduce costs and improve efficiency.

Drop-Shipping

A sales fulfillment approach in which a retailer does not stock the products offered for sale. Instead, the retailer orders the product from an external supplier as soon as a sale is made and has the item sent directly to the consumer.

Direct Shipping

The process of delivering goods directly from the supplier or manufacturer to the customer or retailer, bypassing any intermediate storage facilities.

Supply Chains

Networks that encompass the production, handling, and distribution of goods or services, from suppliers to the final consumer, ensuring that products are available where and when needed.