2.2 Ethical and Environmental Considerations Flashcards
What are ethics?
Standards of behaviour and doing the right thing
What are some examples of treating workers ethically?
Paying a fair wage
Providing good working conditions
Allowing flexible working
What are some examples of treating your suppliers ethically?
Paying fair prices
Paying bills on time
What are some examples of treating your customers ethically?
Excellent customer service
Addressing customer complaints
What is a key disadvantage to being an unethical business?
Bad reputation
What is a pressure group?
A group of people who try to influence business activity
What do pressure groups want businesses to do?
Behave more ethically and environmentally friendly
What are the four main environmental issues that are most likely going oto influence a business’ activities?
Climate Change
Pollution
Not working sustainably
Not reducing Waste
The growth of international trade is known as what?
Globialisation
What is an example of a business working and behaving unethically?
Businesses that buy from suppliers that use child labour to produce goods/services
What is an advantage of a business working and behaving ethically?
Good publicity which is likely to attract customers and increase sales
What is a disadvantage of a business working and behaving ehtically?
Higher costs
What are the advantages of a business being environmentally friendly?
Subsidies and grants reduce costs
Increase sales
Improve reputation
What are the disadvantages of a business being environmentally friendly?
Increased costs
Time-consuming
What are subsidies and grants when a business is being environmentally friendly?
The government gives money to businesses willing to invest in environmentallt freindly production methodd
