Ethical Flashcards
1
Q
What are the benefits of acting ethically
A
- marketing as Fair trade produced gain customer attention and increase profits /// people value ethics > price
- shareholder investment
- motivated staff more productive
2
Q
what are the disadvantages of acting ethically
A
costly high labour cost
ethically sourced material is costly hard to find suppliers
if higher prices might not get enough sales
3
Q
how can business be more sustainable
A
stop contributing to global warming
use non renewable energy
