ethical considerations of MNC's

Question 1

what is ethics

Answer 1

the values and norms that govern behaviour within a business

Question 2

stakeholder conflict

Answer 2

business can’t benefit both stakeholders and business e.g business wants high profit but customers want low prices

Question 3

conflict between MNC and a country

Answer 3

country wants living wage to be paid but business wants cheap labour

Question 4

conflicts between employees and MNC

Answer 4

wages

ethical behaviour

Question 5

environmental considerations

Answer 5

businesses need to reduce environmental damage through pollution, waste minimisation, ethical sourced materials
some LEDC’s don’y have sufficient infrstructure leading to high wastage in streets

Question 6

supply chain considerations

Answer 6

the use of child labour, unethically sourced materials, supply replenishment, working conditions and wage

Question 7

marketing considerations

Answer 7

using misleading labelling (size, quantity, price), trade descriptions act, animal cruelty regulations (cosmetic companies), innappropriate promotional activities e.g bribery