influces on business

Question 1

what does ethical mean

Answer 1

what is right or wromg or behaving in a morally correct way

Question 2

ethical considerastion in a business

Answer 2

treatment of workers
pay workers a fair wage
provide safe working conditions
treatment of suppliers
aviod late payments of moneuy they owe
sourcing of materials
aviod from buying from businesses thast employ child labour
treatment of customers and making decisions
be csarful not to over charge customers

Question 3

advantage for a business that behaves ethically

Answer 3

employees are less likley to look for a job somewhere else increseing trententon
reducing training and recruitment costs
workers who are paided fairly will be well motivatee

Question 4

disadvantge of a business that behaves ethically

Answer 4

costs may be higher because the business may have to pay more fair wages

Question 5

what does enviromental considertaions mesn

Answer 5

fair trade

Question 6

what are thr four enviromental considerations you need to learn

Answer 6

waste disposal
pollution
climate change

Question 7

advantage of being enviromentally friendly for a buysiness

Answer 7

costs may be lower because a business may have taken steps to use less energy or create less waste
sales may be hugher as customers like to buy from somehwere that care about the enviroment

Question 8

disadvantage of a business bein g eniromentally friendly

Answer 8

sales may be lower if the business charges hiugh prices to cover any extra costs of enviromental friendly production
materials produced in a enviromentally friendly way are more expensive

Question 9

whats globallisation

Answer 9

the process byb which business activity around the world has become increasily interconnected