Praxis Business Education: Content Knowledge (5101)Exam Business-Education-Content-Knowledge-5101 Question # 10 Topic 2 Discussion

A vision statement describes a company’s future aspirations, providing a long-term picture of what it aims to become. Option A (closing statement) is not a business term in this context. Option B (mission statement) defines the company’s purpose and current operations. Option C (value statement) outlines core beliefs or principles. This question aligns with the Entrepreneurship category, emphasizing strategic planning.