9 marksBusiness Ethics and Corporate Social Responsibility

CAPE Management of Business Unit 1 · 2013 · Paper 2 · Question 2(b)(iii)

Explain THREE reasons why it is important for the company to include social responsibility in its mission statement.

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2(a)Define the term 'mission statement' and state THREE reasons why it is important for the firm to have a mission statement.[8 marks]
2(b)(i)Define the term 'social responsibility' as it relates to businesses.[2 marks]
2(b)(ii)Outline THREE ways in which the chemical company can demonstrate social responsibility.[6 marks]

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