Final answer:
A mission statement is comprised of four key elements: Purpose, Vision, Strategy, and Values. These elements define why an organization exists, its aspirations, its plan of action, and the core principles guiding its operations.
Step-by-step explanation:
The four elements that comprise a mission statement are purpose, vision, strategies, and values. These components help define the organization's direction and reflect its priorities.
Purpose denotes the reason for an organization's existence and outlines what the organization seeks to achieve. Vision articulates what the organization aspires to be and guides its long-term objectives. Strategy details the plan or actions the organization will take to achieve its mission and vision. Lastly, values represent the core principles or ethical standards that guide the organization's actions and decision-making processes.