2.2 Ethics Flashcards
1
Q
Ethics
A
Whether a business decision is morally right or wrong
2
Q
Profit
A
Measure between the difference between the values of a business’ revenue(sales) and its total costs
3
Q
Fair trade products
A
Customers pay higher prices and offer better trading terms, wich as payments with order. The aim is to improve the living standards of people in poorer countries where products are produced
