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Strategic Management
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Which component of a mission statement addresses the firms distinctive competence or major competitive advantage?

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Correct Answer: Option D
Self-concept component of a mission statement addresses the firms distinctive competence or major competitive advantage. A mission statement is a short statement of why an organization exists, what its overall goal is, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.
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