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12 marksBusiness Objectives

CAPE Management of Business Unit 1 · 2018 · Paper 2 · Question 1(c)

Newstart Company Ltd acquired the banana chips business from the government. The Board aims to create new vision and mission statements and strategic objectives to achieve profitability in the first 12 months.

Discuss THREE ways in which a well-written mission statement for Newstart Co. Ltd could assist the enterprise in becoming more profitable.

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Other parts of this question

  1. 1(a)(i)Outline ONE way in which primary industries are important to national economic development.[2 marks]
  2. 1(a)(ii)Outline ONE way in which secondary industries are important to national economic development.[2 marks]
  3. 1(b)Explain THREE ways in which the privatization of the banana chips business could benefit the economic development of PanJam.[9 marks]

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