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: FALSE Diff: 1 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