Influiences On Business Flashcards
Can being ethical make you more profit
Indirectly yes
Things you cant do as a business
Safe working conditions
No child labour
Can’t pay below minimum wage
Discrimination
Fair trade
Retailer has guarantees that the retailer pays a fair price to the farmers so they can educate their children and other needs
Positives of being ethical
More sales
Better reputation
Shari prices might go up
Workers will prefer it
Negative of not being ethical
Less sales
Worse reputation
Shari price might go down
Workers wont like it as much
Waste disposal
Issue with the amount we consume
The more we consume the more we have to make
Avoid land fill
Remake reuse refurbish recycle
Pollution
Air pollution
Land pollution
Sea pollution
Noise pollution
Global warming
Overall affect of the average temperatures
Climate change
The long term affect on the temperatures going up or down
Economic climate
Is how well the country is doing in levels of income in employment
Income
money received, especially on a regular basis, for work or through investments.
What happens when tax increases
Tax increases and the spending will go up so businesses will inflate
GDP
Gross domestic product
The measure of the amount of goods and services a country produces a year
