Ethics In Business Flashcards
Reasons for being an ethical producer?
- improves business image
- morally right to treat people fairly
- customers care
- being ethical can make more sales and profits
Reasons against being an ethical producer?
- could raise costs and make it harder to make profits
- competitors may become cheaper than you
- many customers don’t actually care
Businesses should make sure employees are…
Treated and paid fairly
Have Good working conditions
Guaranteed health and safety
Businesses should make sure that suppliers…
Are Payed their bills on time and fairly
Have loyalty from the business
The business should ensure that the Local community should…
Have jobs supplied to them
Be sponsored in local events
Schools should be engaged with
The business should help the environment by..
Recycling
Creating less waste/ pollution
Being sustainable
Businesses should make sure that government…
Are payed their taxes on time
Legislations are obeyed
Businesses should make sure that customers..
Are provided wit quality goods
Are buying products at low affordable prices
Are treated with respect
Businesses should make sure that shareholders…
Produce maximum profits
Run the business efficiently
Maintain share price
Ethics simply means?
Doing what is morally correct
