A VISION STATEMENT IDENTIFIES THE SCOPE OF A FIRM'S OPERATIONS IN P...

6) A vision statement identifies the scope of a firm's operations in product and market terms.Answer: FALSEDiff: 1 Page Ref: 10Objective: 1.03 Define and give examples of key terms in strategic management.Learning Outcome: Discuss the functions of vision statements, mission statements, and long-term corporate objectives