CSR ADVANTAGES

Question 1

Advantages environmental

Answer 1

-Can help to reduce costs, which can then be passed on to the consumer
-Using less packaging and minimising transportation cost
-Being seem to be environmentally responsible can develop customer loyalty
-Can make consumers feel they are helping less-developed countries - fair trade products
-By initiating changes to become environmentally responsible businesses are made more ready to deal with changes in the law than competitors
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Question 2

Disadvantages environmental

Answer 2

• Some fair trade products are more expensive- consumers mayb prefer to buy cheaper non fair trade goods
• Some changes may be costly as the business may have to buy or upgrade machinery and might need to pass costs on the consumers through higher prices
• environmental mistakes can affect profits and share price
• if not seen to be environmentally friendly they may lose customers to competitors