2.2

Question 1

Define ethics

Answer 1

Ethics in business can be defined as moral
principles for example, knowing right from
wrong that govern business behaviour or the
conducting of an activity.

Question 2

What is ethical behaviour

Answer 2

Ethical businesses operate to meet the wider
needs of their stakeholders, and try to act in a
way that is honest and fair For example Fairtrade organisations try and
meet the needs of their employees and
suppliers

Question 3

Ways in which a business could become more ethical

Answer 3

•paying workers higher wages
•improved working conditions
•reducing population
•Buying fairtrade suppliers/agreeing to play more to suppliers
•donations to the community
•Reducing packaging