A VISION STATEMENT ANSWERS THE QUESTION, "WHAT IS OUR BUSINESS

30) A vision statement answers the question, "What is our business?" whereas a mission statement answers, "What do we want to become?" Answer: FALSE Diff: 3 AACSB: Written and oral communication Objective: 1.04 Define and give examples of key terms in strategic management. Learning Outcome: Discuss the functions of vision statements, mission statements, and longterm corporate objectives