2.2 Business Ethics

Question 1

Ethical marketing

Answer 1

. Producing products that are environmentally friendly e.g tesla’s range electronic cars
. Avoiding children a product targets that will not benefit them e.g junk food
. Set reasonable prices

Question 2

Ethical business operations

Answer 2

. Managers might not buy from unethical suppliers e.g suppliers destroys environment or uses child labour
. Likely to manufacture businesses that can be recycled e.g jaguar plans to make cars out of aluminium

Question 3

Ethical human resources

Answer 3

. Managers might not use zero hours contract means workers wont know how many hours they work
. Offers employees the opportunity of high-quality training, despite its costs
. Paying wages sufficiently to allow employees a decent standard of living

Question 4

Ethical finance

Answer 4

. May involve business spending on the community

. Pay their employees to undertake charitable work during normal working hours

Question 5

Advantages of environmentally friendly and ethical policies

Answer 5

. Environmental reports- can give positive publicity
. Competitors at disadvantage now
. Charge higher - customers willing to pay
. Increases the business’ profits
. Helps bringing in new customers

Question 6

Disadvantages of environmentally friendly and ethical policies

Answer 6

. Ethical policies increase costs
. Often cheaper using new resources
. Damaging publicity if not ethical