The planning process begins with two attributes: a mission statement and a vision statement. What questions are answered with each of these? Multiple Choice: What do we want to become?; What is our reason for being? What are the costs?; How much money can I make? What are the risks?; What is our reason for being? What do we want to become?; What products do we offer at a profit? What is our reason for being?; What do we want to become?

A mission statement : focuses on the current perspective of the organization, describes general way of their capacities, their approach to the client and their activities. Is a starting point for the elaboration of the strategic vision.

A vision statement : The fact of arriving at a well-reasoned conclusion of the company's long-term direction drives administrators to study the current business in detail and to develop a clearer idea of whether it is change is necessary and how to do it within the next 5 to 10 years.

Explanation:

What do we want to become? VISION STATEMENT

What is our reason for being? MISSION STATEMENT

What are the costs? VISION STATEMENT

How much money can I make? VISION STATEMENT

What are the risks? VISION STATEMENT

What products do we offer at a profit? MISSION STATEMENT