In Determining Its Mission Statement, an Organization Must

question 29

Multiple Choice

In determining its mission statement, an organization must:

• A) look at the business from the inside, from the point of view of the employee and the management.
• B) ensure that the name of the product or service it is producing is an essential part of the organization's name.
• C) reflect a market-driven approach by targeting a broad class of needs and segmented target markets.
• D) state the mission in terms of serving a generic group of clients or customers and meeting generic, not specific, needs.

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Definitions:

Picketing

The act of standing or marching outside a place of work or another location as a form of protest, often by workers during a strike.

Preferred Shares

Shares giving the shareholder preference over other classes of shares; that preference often pertains to the payment of dividends.

Legal Obligation

A legal obligation is a requirement imposed by law, where a person is required to perform or refrain from performing a certain action.

Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits.