influences on a business Flashcards

1
Q

Business ethics are

A

the moral standards by which business behavior is judged - whether business activities are morally right or wrong

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2
Q

good ethics could include:

A
Paying fair wages 
Using sustainable materials
Minimising environmental impact
Prioritising animal welfare
Not exploiting workers
Considering all of the stakeholders in business decisions
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3
Q

Ethical behavior

A

requires businesses to act in ways that stakeholders consider to be both fair and honest

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4
Q

Environmental considerations

A

look at how the activities of businesses and consumers impact on the natural world

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5
Q

Environmental sustainability

A

considers how a business uses its resources and if it is replanting and renewing these resources fast enough to ensure that their stocks do not deplete.

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6
Q

Global warming

A

a rise in the Earth’s temperature. It is caused by greenhouse gases produced by human activities. These include deforestation and the use of fossil fuels.

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7
Q

how are businesses affected by global warming

A

through legislation and opportunities for new products.

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8
Q

Resource depletion

A

caused as we use up non renewable resources such as petrol and coal. With decreasing supply and increasing demand, as the world gets richer, prices have risen dramatically

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9
Q

examples of Environmental considerations

A

Waste disposal

Recycling

Pollution

Traffic congestion

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