Ethical And Environmental Issues Flashcards
Ethics
Refers whether a business decision is thought to be moreover overall. An ethical decision is made of the basis of what is judged to be morally right
Profit
Measures the difference between the values of businesses revenue and needs total cost
Fair trade products
I do use for which customers pay higher prices and offer better trading terms such as payment with orders. The aim is to improve the living standards of people in poorer countries where the products are produced
Social responsibility
Approach to managing businesses in which the interest of war creeps in society are taken into account when making decisions
The environment
Is the natural world in which we live. It is the landscape and its natural features such as the seas rivers forest and mountains
External cost
Of producing arise when the businesses activities result in harm for affect on other people not directly involved in producing
Pressure groups
Is a group of people with a common interest to influence public opinion and shared shared by businesses and governments
Environmental responsibilities
Refers to taking of decisions by businesses consumers governments and other groups with the intesion of protecting the environment
Sustainability
Refers to methods of production which can be continued in the long term without damage to the environment
Nonrenewable resources
I doze off the beach only a limited amount exist such as coal and oil
Global warming
He is a gradual heat of the earths surface oceans and atmosphere
Recycling
Is the reuse of raw material used to make and product offering for many times. example includes the reuse of glass paper metals
Environmental reporting
Is the publiction of the businesses environmental performance to the general public
Ways a business could become more ethical
- Paying workers higher wages
- Improved working conditions
- Reducing pollution
- Buying Fairtrade supplies/agreeing to pay more to suppliers
- Donations to the community • Reducing packaging
