Which of the Following Is True Regarding the Components of a Business

question 66

Multiple Choice

Which of the following is true regarding the components of a business plan?

• A) An executive summary gives more detail about the business than the vision or mission statements or elevator pitch.
• B) A vision statement is a paragraph that describes the firm's goals and competitive advantages.
• C) A mission statement is a slogan that captures the key idea of a business,its service,product,or customer.
• D) An elevator pitch is a simple tagline that expresses the fundamental idea or goal of a firm.

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Definitions:

Maureen Chiquet

A prominent business executive known for her leadership roles in global fashion and retail companies, including as CEO of Chanel.

Lead Effectively

The capability to guide, influence, and inspire a group towards achieving goals and objectives with efficiency and vision.

Managers

Individuals in an organization responsible for planning, organizing, leading, and controlling resources to achieve specific objectives.

Gestures

Physical actions or movements used to communicate feelings or intentions without words.