Mission Statement of Startup
CMAT 2021 · Innovation & Entrepreneurship · Easy · Startup Management
Which of the following describes a mission statement of start up?
- A.
It describes the viability of the business
- B.
It provides direction and purpose for the start up
- C.
It should be written as the first step in developing a business plan
- D.
All of the above
Answer
B
Explanation
A mission statement defines the fundamental purpose and long-term direction of a startup.
Related Startup Management questions
- #3338Focus Area for Early Stage StartupsCMATINEMCQEasy
- #3339Invention Right GrantCMATINEMCQEasy
- #3340Scope of Innovation ManagementCMATINEMCQEasy
- #3341Economic Feasibility PlanCMATINEMCQEasy
- #3342Financial Section Components of Business PlanCMATINEMCQEasy
- #3726MUDRA Yojana Loan CategoriesCMATINEMCQEasy
- #3727Sequoia Capital ClassificationCMATINEMCQEasy
- #3728Minimum Viable Product DefinitionCMATINEMCQEasy
Practise this under exam conditions
Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.
Solve in the workspace