Business: The Impact of Consumer Choices Flashcards
(20 cards)
What is Consumerism?
Consumerism is a desire to buy increasing amounts of goods and services, assuming that owning more goods is a sign of wealth and success.
What are Non-Renewable Resources?
Non-Renewable Resources are limited in supply or cannot be replaced, e.g. fossil fuels.
What are Renewable Resources?
Renewable Resources are not limited in supply, won’t run out, and can be regrown, reused, or recycled.
What is Sustainable Consumption?
Sustainable Consumption means buying goods and services that do not harm society, the environment, or the economy in the long term.
What does Sustainability mean?
Sustainability means using resources in a way that meets current needs but also preserves the resources for future generations.
What are the Core Pillars of Sustainability?
The Core Pillars of Sustainability are Social - People, Environmental - Planet, Economic - Profit (SEE/PPP).
What is Sustainable Development?
Sustainable Development meets the needs of the present without undermining the ability of future generations to meet their needs.
What does Fair Trade mean?
Fair Trade means that farmers and workers in developing countries are paid a fair price for their products.
Who are Ethical Consumers?
Ethical Consumers only buy products that are produced in a fair and honest way.
What do Ethics refer to?
Ethics refer to a person’s ability to judge right from wrong.
What are Ethical Goods?
Ethical Goods are produced in a way that is kind to the environment and also to the people who produce them.
What is a Boycott?
A Boycott is a voluntary act of protest in which consumers refuse to buy from or deal with a particular company.
What is Corporate Social Responsibility (CSR)?
Corporate Social Responsibility (CSR) is the duty of businesses to act in the best interests of all those who are affected by their activities, not just their owners.
What is Green Consumerism?
Green Consumerism forces producers to consider the impact of consumption on the environment.
What is a Carbon Footprint?
A Carbon Footprint is an approximate measure of all the greenhouse gases emitted either directly by you or on your behalf.
What are Fair-Labor Certified Garments?
Fair-Labor Certified Garments are clothing produced in a facility that meets specific standards for safe working conditions, fair wages, and workers’ rights, as verified by an independent certification organization.
What is a Sweatshop?
A Sweatshop is a factory or workplace where workers are employed at very low wages for long hours and under poor conditions.
What is Creative reuse?
Creative reuse is a concept that encourages the public to reuse materials that would normally be thrown away in all kinds of inventive ways.
What is the Triple Bottom Line?
The Triple Bottom Line is when businesses look at the wider impact of their operations and decisions, considering not only profitability but also the impact on society and the environment.
What are the United Nations Sustainable Development Goals?
The United Nations Sustainable Development Goals are global objectives that target hunger, poverty, education, and environmental sustainability.
