Final answer:
The purpose of a mission statement is to articulate a company's main goals and principles. It isn't meant to declare an annual financial plan.
Step-by-step explanation:
The purpose of a mission statement is to communicate the core objectives and values of an organization. It provides a reason for being, often expressed as a statement of purpose. Such a statement is designed to guide the actions of the organization, spell out its goals, build a sense of direction and lead to decision-making processes.
The mission statement does not include 'an annual financial plan.' While this is important for an organization, it is a separate document, usually part of a larger business plan, that outlines specific financial goals and the steps needed to reach them. Therefore, a business's mission statement isn’t expected to declare an annual financial plan.
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