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8 marksBusiness Objectives

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

A chemical manufacturing firm has updated its mission statement to incorporate corporate social responsibility.

Define the term 'mission statement' and state THREE reasons why it is important for the firm to have a mission statement.

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Other parts of this question

  1. 2(b)(i)Define the term 'social responsibility' as it relates to businesses.[2 marks]
  2. 2(b)(ii)Outline THREE ways in which the chemical company can demonstrate social responsibility.[6 marks]
  3. 2(b)(iii)Explain THREE reasons why it is important for the company to include social responsibility in its mission statement.[9 marks]

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