| What Exactly is Ethics? | -This is simply if the Business's Decision was Morally Right, and not just what's most Profitable |
| What are the Advantages for a Business Behaving Ethically? | -Revenues may Increase as Customers are buying from the Business that makes the 'Right Decision' and not Worrying if the Sale's Price is Higher than Competitors
-Awareness and Recognition can Increase
-Staff can be more Attracted and Recruited
-Financial Sources may Branch out Further - eg Ethical Investors |
| What are the Disadvantages of a Business Behaving Ethically? [And also Problems if your acting Unethical] | -Costs may be Higher, as Sourcing from Suppliers that are Morale will be more Expensive then Suppliers that are Profitable Focused
-Overheads [Fees] may Increase because of the Ethical Policy
-False Expectation may be Built up among Customers
-If a Business acts Unethical, then the Business will be Condemned for such |
| What are Examples of Poor Ethical Behaviour? | -Customers: Having High Prices when Customers don't have a Choice, Pressuring Vulnerable Age Groups to Buy something and Lying to your Customers about the Product [Illegal]
-Suppliers: Paying Stupidly Low and not Paying on Time
-Employees: Paying Low Wages, Very Long Hours, Bad Conditions of Living and Equipment and also using Children as Labour [That's Illegal
-Local Community: Making Pollution and being Annoying |
| What Exactly are Environmental Considerations? Why is it Important? | -This is just Looking on the Environment, and how the Business treats it
-UK Laws against Businesses about the Environment has gone Straight Up, meaning Costs will Increase to meet the Standard
-So the Price Tag will be Higher, but the Customers will take that into Consideration. |
| What are the Advantages and Disadvantages of a Business Meeting the Environment Expectations? | A: Publicity will be Good, and the Law of Environment will be Met
A: Customers may Pay that Higher Price, so Revenue may be Unaffected
D: Costs will Increase as the Business needs to become more Green and meet with the Anti-Pollution laws
D: Not all Countries will have the Same Standard for the Environment
[Most of the Advantages and Disadvantages is Shared with Ethical as well, as treating the Environment Wrong, is Unethical] |
| How, using Business, can:
1. Traffic Congestion
2. Recycling
3. Disposal of Waste
4. Noise and Air Pollution
Be Increased or Decreased? | 1. Working Day can be Changed - Avoids Rush Hour. Public Transport also can be Used. Relocating to Less Busy Areas also Works
2. Reduce the need for Packaging that has Materials that can't be Recycled, and also just Recycle by having Services
3. Maximise the Use of Recycling, and if not Possible then get a Legal Waste Disposal Treatment
4. Licenses need to be Obtained, and may even Relocate. |
| How can the Business being more 'Green' affect Customers? | A: If Recycling keeps Limited Resources longer, than Goods will be kept Longer and Cheaper.
A: Reducing Pollution and Waste will make Life Nicer
A: If the Pollution has been Reduced, then the Government will spend Less on the Area, meaning Taxation will go Down
D: Prices may Rise, which will be because of Business Costs. And who pays for the Product? |
| So Why would a Business Become more Green? What Problem may Occur as a Result of it? | A: The Right thing to Do [Ethics]
A: Profit may Increase [Finance]
A: The Government is Enforcing new Regulations [Legal]
D: Business may Fail to Compete against an International Corporation as its Environment Standards mat be Lower, due to the Country they are From. This means they can be more Competitive. |
| If a Business is Sustainable [Meaning its Products are made with Resources that can be Replenished] then what is the Trade Off for Doing So? | -Businesses can add more Value to their Product, as the Product shows off its Environmental and Social Impacts
-Businesses will have to Balance how Sustainable it Really Gets, else it just Fail as it won't be Competitive Enough. |
