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Management · Q168

Strategic Management

Graduate and Post Graduate · Management · question 168

Q168

Good mission statements identify the ______ of a firms products to its customers

A.
utility
Answer
B.
price
C.
profit margin
D.
demand

Answer: Option A

Solution

Answer: Option A
Solution:
Good mission statements identify the utility of a firms products to its customers. A mission statement is a formal summary that explains what you do, how you do it and why you do it.