Why are vision and mission statements not a substitute for strategy?

What will be an ideal response?

Vision and mission statements are powerful tools, but because they are general and ambiguous by design, they
must be realized through carefully crafted and executed strategies.

Business

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Revenue from sources other than the primary operating activity of a business.

What will be an ideal response?

Business

The more long-term debt in a firm's capital structure, the less the risk of default or bankruptcy

Indicate whether the statement is true or false

Business