CSR Flashcards

1
Q

Ethical Code

A

A document detailing a company’s rules and guidelines on staff behaviour that must be followed by all employees

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2
Q

Give 4 advantages of CSR

A

Increased consumer loyalty and rate of return of customers.
Govt policies can be less detrimental to CSR firms.
Better brand image
Easier to recruit employees

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3
Q

Give 4 disadvantages of CSR

A

Conflicts of interest with shareholder
Conflict with profit motive
Higher costs
More pressure to stay true to the CSR aim

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4
Q

Give 4 advantages of an Ethical code

A

Avoid expensive court cases
More likely to win government contracts
Attract high skilled employees
Attracts ethical consumers

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5
Q

Give 4 disadvantages of an Ethical Code

A

Ethical supplies can be more expensive
Refusing bribes can mean reduced revenue
Loss of ‘pester power’ when limiting ads to children
Paying higher wages compared to unethical firms

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