Ehtical And Envirometnal Flashcards
What are advantages of being ethical?
-customers are prepared to pay more for products that consider the enviroment
-awards can be granted for being ethical, which can be used for promotional purposes
-can attract more customers and increase sales
What are disadvantages of being ethical?
-audits are needed to ensure standards are meant and maintained which can be time consuming
-decision making could be more complex as many possible solutions may not be appropriate
What are advantages of being environmentally friendly?
-having a positive effect on the enviroment will ensure the organisation has a positive reputation
-awards can be given which can be useful for promotional purposes
-renewable energies save costs in the long run
What are disadvantages of environmentally friendly?
-investment in environmentally friendly measures will be expensive in the short term
-new procedures may have to be adapted to be more environmentally friendly which can take time
What can organisations do in relation to reducing carbon footprint?
-using alternative sources of renewable energy
-using electric vehicles for deliveries and company cars
What can organisation’s do in relation to sustainable raw materials?
-replanting raw materials that are used in production
-reusing or recycling materials used in production
-sustainable resources
What can organisations do in relation to packaging to be more environmentally friendly?
-packaging should be reusable
-should be recyclable
-be biodegradable so should break down easily
What could organisations do in relation to waste to be more environmentally friendly?
-segregate waste appropriately
-stored and transport waste appropriately
What are the advantages of fair trade?
-businesses are awarded the fairtrade mark on products which can appeal to customers and improve image of organisation
-stocking fairtrade demonstrates the retailers ethical commitment to its customers
-have positive impact on the producers of the raw materials meaning they have a better relationship with supply chain
-higher prices can be charged meaning increased profit
What are the disadvantages of fairtrade?
-losing a fairtrade mark after gaining one will result in bad publicity meaning decreased sales
-fairtrade products are often more expensive so some customers may be put off buying
-business has more limited choice of potential suppliers as not all area fairtrade
-may increase the firms carbon footprint through air transport as the raw materials need to be transported