What is an outline of the fundamental purpose and basic philosophy of an organization?

A. create a good human relations climate in the organization.
B. define the organization’s purpose in society.
C. define the operational structure of the organization.
D. generate good public relations for the organization.
E. define the functional areas required by the organization.

The Correct Answer for the given question is Option B. define the organization’s purpose in society.

Mission Statement

The mission statement identifies why a company exists, what its overall goal is, what kind of products or services the company offers, and its main target audience. It may also describe the company’s geographic region of operation. This can include a brief description of a company’s philosophy or values, its main competitive advantages, or its desired future state. It has historically been associated with Christian groups; indeed, for many years, it was assumed that a missionary was a person carrying out a religious mission. In 1598, the word “mission” originated from Jesuits sending their members overseas (“missio”, Latin for “act of sending”).The mission of an organization is not simply a description provided by an external party, but an expression of its leaders’ desires and intents.

A mission statement communicates a company’s direction and purpose to its employees, customers, vendors, and other stakeholders. It also helps employees identify with the company. As mission statements define an organization’s continuous, ongoing purpose and focus, mission statements are usually not changed over time. Mission statements describe the reasons for the existence of a company. In it, the organization’s goals and the nature of its products or services are described. Every business should have a mission statement. A mission statement should outline what the organization does, how it operates, and why it operates the way it does.

Examples of Mission Statements

Most inventory models attempt to minimize