2.2 Ethical And Environmental Considerations Flashcards
Ethics
Whether a business decision is morally right or wrong
Prift
Measures between the revunes and it’s total cost
Fair trade products
Aim to improve the living standreds of people in poorer countries
Social responsibility
Manging a bussiness while taking in societys intresets
The enivorment
Natural world such as seas, rivers and lakes
External costs
This is when people may get hurt when not directly involved with production
None-renewable resource
Fuel that can only be used once e.g wood, oil
Global warming
Gradual heating of Earth’s surface, oceans and atmosphere
Pressure group
Group of people with common interest who influence public opinion and decsions by the goverment or bussiness
Enviromental responsibilty
Decisions made by bussiness, consumers, goverment or other groups with the intention to protect the inviromemt
Sustainabilty
Producst that can be used for long term
Recycle
Reuse of raw materials
Enviromental reporting
Bussiness enviormental performance in general public