ethical issues

Question 1

what are stake holder conflicts

Answer 1

stakeholders have conflicting objectives to business growth
eg. managers want to reduce costs but employees want higher wages
suppliers pressed to accept lower prices

Question 2

pay and working conditions

Answer 2

there is a trade off between pay and conditions and morale and productivity. this is weighed against increase costs

Question 3

environmental considerations

Answer 3

all business affect the environment in some way by their activities there may be a trade off between controlling

Question 4

what is exploitation of labour

Answer 4

paying the worker lower than their output is worth