Assertion (A):Strategic vision and mission statements are not needed in small business houses.Reason (R):Organizations irrespective of their size face similar business environments and have to work through competition. Small organizations have to plan strategies for their survival in the market where large organizations are also presentSelect the correct answer from the options given below.

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Assertion (A):<br />Strategic vision and mission statements are not needed in small business houses.<br />Reason (R):<br />Organizations irrespective of their size face similar business environments and have to work through competition. Small organizations have to plan strategies for their survival in the market where large organizations are also present<br />Select the correct answer from the options given below.