ethics and environmental issues Flashcards
How can businesses harm the environment?
Using greenfield sites, deforestation and using fossil fuels in production
Why do they do this?
These methods are often cheap and efficient.
Who keeps businesses in check?
Environmental protection act (1991)
Environment act (1995)
What are 4 environmental strategies businesses could employ?
Renewable energy usage, sustainable and recyclable packaging, replant trees per sale.
Why will environmental strategies benefit the business?
Better reputation, justifies a higher price.
What are 3 fair trade businesses?
Cadburys, Ben + Jerrys, Starbucks.
What are the consequences of being fairtrade?
Better reputation, more ethical, USP, support communities, pay more to farmers so less profit and have to increase prices.