2.1.4 Ethics, The Environment And Business ⛴ Flashcards
What is being ethical?
Doing the right thing but not following the law and how to deal with stakeholders
What are the 11 unethical business practices?
1.child labour
2.animal testing
3.piracy
4. Bribery
5. Plagiarism
6. Tax evasion
7. Funding arms trade
8. Sweatshops
9. Unfair promotions
10. Banker bonuses
11. Modern slavery
What are the evidence of an unethical business? (5)
- Formation of pressure groups
2.poor waste disposal - Low wages
- No employee unions allowed (no rights)
- Poor working practices
What are some Ethical business practices ? (6)
- Safe working conditions
- Give good pay
- Right safety training
- No misleading customers
- No forceful advertising
- Following legislation
What are the advantages of being ethical? (3)
- No risk if conflict with locals - smoother business growth
- Employees more likely to be motivated
- Better reputation
What are the disadvantages of being ethical ?
- Increased costs - trading equipment
What are ways businesses can be more environmentally friendly? (5)
Build on brown fields
Use renewable energy sources
Uses recycled materials for packaging
Aerodynamic less fuel
Add more glass doors for natural light- less electricity used
What is a pressure group ?
An Organisation set up to i fluency the public about a business and it’s environmental impact
WWF
What do pressure groups do ? (7)
Boycott
Protest
Lobbing gov with letters
Pertitions
Research
Educate
How may products be effected by pressure groups?
Boycotted - decrease sales
Become obsolete
How may promotion be effected by pressure groups?
Bad publicity
Increase advertising
Hope for change ^
How may place be effected by pressure groups ?
Product unable to be sold by difficult shops
Unable to locate near demand
Cannot source locally
How may prices be effected due to pressure groups?
Increased- its expensive to be ethical
