3.4.4- business ethics Flashcards
1
Q
What are ethics?
A
Moral principles that govern the behaviour of a buiness
2
Q
What are morals?
A
Standards of behaviour, principles of wrong and right
3
Q
What is a trade off?
A
Arises where having more of one thing potentially results in having less of another
4
Q
What is corporate social responsibility (csr)?
A
A business approach that contributes to sustainability development by delivering economic, social and environmental benefits for all stakeholders
5
Q
pros of csr:
A
- happy customers
-happy staff
-good pr
-cost reductions
6
Q
cons of csr:
A
-costs
7
Q
A
