Final answer:
A statement that sets forth an organization's purpose, services, and products is called a Mission Statement.
Step-by-step explanation:
A statement that sets forth an organization's or department's purpose, including definitions, products, and services, is best called a Mission Statement. The purpose of the mission statement is to define the organization's goals, primary functions, and how it serves its stakeholders.
It differs from a vision statement, which is more about what the organization aspires to become in the future, and from a purpose statement, which is typically more narrow and focused on a specific goal or project. A business statement isn't a commonly used term in this context.
A mission statement is a concise expression of the overall purpose or reason for the existence of an organization or department. It provides a clear direction and defines the organization's goals and objectives.
For example, a mission statement for a company in the technology industry might be: 'To create innovative solutions that empower people and businesses through technology.'
Therefore, the correct answer is C. Mission Statement