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Management · Q144

Strategic Management

Graduate and Post Graduate · Management · question 144

Q144

Strategic mission

A.
is a statement of a firms unique purpose and scope of operations
Answer
B.
is an internally-focused affirmation of the organization's societal and ethical goals
C.
does not limit the firm by specifying the industry in which the firm intends to compete
D.
is developed by a firm before the firm develops its strategic intent

Answer: Option A

Solution

Answer: Option A
Solution:
Strategic mission is a statement of a firms unique purpose and scope of operations. Strategic mission is a type of marketing approach which is based on the core philosophy of organization. It is a long term plan on which the company operates to achieve its mission and vision objectives and goals.