3. Ethics and Environment

Question 1

how can a business satisfy this need to be socially responsible?

Answer 1

-staff treatment
-minimising wastage
-recycling
-minimising packaging

Question 2

how can a business treat their staff fairly?

Answer 2

wages (paying living wage)
working conditions

Question 3

what are the advantages of fair staff treatment?

Answer 3

-well treated staff are likely to be motivated and so produce quality items
-attracts and retains the best staff
-positive staff treatment avoids creating damaging bad publicity
-correct treatment of staff avoids legal action for breaking laws

Question 4

what are the packaging environmental regulation?

Answer 4

-keep it to a minimum
-hazardous substances
-recyclable packaging
-packaging for energy recovery
-biodegradable packaging
-reusable packaging

Question 5

what are the packaging environmental regulation?

Answer 5

-keep it to a minimum
-hazardous substances
-recyclable packaging
-packaging for energy recovery
-biodegradable packaging
-reusable packaging

Question 6

what are the benefits of ethical trade?

Answer 6

-attracts customers to the forms products, thereby increasing sales and profits
-attracts new market segment of customers increasing market share
-make employees want to stay with the business, reduce staff turnover and increase productivity
-attracts more employees wanting to work for the business, reduce recruitment costs and enable the company to get the best employees
-attracts investors and keep the company’s share price high, thereby protecting the business from takeover

Question 7

what are the costs of ethical trade?

Answer 7

-it can be expensive to purchase environmentally friendly materials and fuel
-training on appropriate waste disposal may be expensive
-time consuming to implement processes initially