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Question 3 (25 marks) Mega Ltd manufactured water heaters. In the first year of its operations, the revenue earned by the company was just sufficient
Question 3 (25 marks) Mega Ltd manufactured water heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons behind the less revenues. After analysis, the company decided: - To reduce the labour costs by shifting the manufacturing unit to a backward area where labour was available at a very low rate. - To start manufacturing solar water-heaters and reduce the production of electric water heaters slowly. This will not only help in covering the risks but also help in meeting other objectives. a) With the use of examples from the case above, identify and explain the objectives the management wanted to achieve in the case above. ( 10 marks) b) With the aid of examples, explain any two values that the company wanted to communicate to the society. ( 15 marks)
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