Which of the Following Describes an Organization's Basic Purpose

question 17

Multiple Choice

Which of the following describes an organization's basic purpose?

• A)The vision statement
• B)Strategic goals
• C)Business strategy
• D)Tactical planning
• E)The mission statement

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Definitions:

Immobile Factor

Refers to a factor of production that cannot easily be moved from one place to another, such as land or a fixed installation.

Supply Of Resource

The total amount of a commodity, product, or service available for use, sale, or distribution.

Oil

A fossil fuel used primarily for energy production and as a raw material in the manufacture of plastics and other important chemicals.

Price Of Resource

The financial cost required to obtain or use a particular resource.