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A​ ____________ is a declaration of why a company exists and what it intends to achieve for consumers and stakeholders.

A. Mission statement
B. Vision statement
C. Goal statement
D. SWOT analysis
E. Value statement

User Jack Noble
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1 Answer

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Final answer:

A mission statement is a declaration outlining a company's purpose and objectives for its consumers and stakeholders, which is different from a vision statement, goal statement, SWOT analysis, or value statement.

Step-by-step explanation:

A mission statement is a declaration of why a company exists and what it intends to achieve for consumers and stakeholders. It represents the company's purpose, philosophy, and values, guiding its strategies, objectives, and decision-making processes. A mission statement aims to communicate the organization's core identity to its audience, potentially including customers, employees, and shareholders.

Comparatively, a vision statement describes where the company aspires to be in the future, setting a compelling long-term goal. A goal statement often refers to a more specific and measurable objective that an organization seeks to accomplish within a certain timeframe. A SWOT analysis is a tool used to evaluate a company's strengths, weaknesses, opportunities, and threats, which doesn't define its core purpose but rather assesses its current situation and potential. Finally, a value statement outlines the principles and ethics by which the company operates, which can overlap with a mission statement but usually focuses more on ideals than on concrete goals.

Thus, the correct answer to the question asked by the student is A. Mission Statement.

User Gabriel Hurley
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