influences on a business Flashcards
Business ethics are
the moral standards by which business behavior is judged - whether business activities are morally right or wrong
good ethics could include:
Paying fair wages Using sustainable materials Minimising environmental impact Prioritising animal welfare Not exploiting workers Considering all of the stakeholders in business decisions
Ethical behavior
requires businesses to act in ways that stakeholders consider to be both fair and honest
Environmental considerations
look at how the activities of businesses and consumers impact on the natural world
Environmental sustainability
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.
Global warming
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.
how are businesses affected by global warming
through legislation and opportunities for new products.
Resource depletion
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
examples of Environmental considerations
Waste disposal
Recycling
Pollution
Traffic congestion