3.4.2 Ethical issues Flashcards
Explain pay and working conditions
Ethical issues which may arise from this
Opportunity for MNCs to exploit local workers with low pay and poor working conditions.
Introduce western standards to remain high brand reputation.
Create jobs.
Explain envirnometal considerations?
MNC’s must be ethical about their waste disposal and emissions correctly stating their levels of carbon emission and correctly and safely disposing of harmful goods/services.
Explain supply chain considerations
If an MNC is buying from a supplier who is using child labour and labour exploitation then wont be seen as ethical as theyre funding the exploitation
Explain marketing considerations
MNCs must ensure they do not mislabel products and include all information e.g all ingredients to provide assymetric information.
Also must not inapprprioately promote goods/service such as promoting to children and instead should promote to the parents