Get premium membership and access questions with answers, video lessons as well as revision papers.

Explain why a mission statement is helpful to a business.

      

Explain why a mission statement is helpful to a business.

  

Answers


Lydia
Reason why a mission statement is helpful:
• It provides the business with a sense of direction

• It can be used to set objectives and targets

• It informs customers what the business is about/investors

• It can act as a motivator to staff

• It can be used as a bench mark to measure business success
lydiajane74 answered the question on July 22, 2018 at 20:44


Next: Define the following terms: (a) Unlimited liability (b) Competitor pricing (c) plc (d) Public sector
Previous: Explain two advantages of franchising a business.

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions