Business Ethics Unit 6

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  • Created by: JTPro
  • Created on: 23-02-22 14:39
What is ethics?
Acting in the morally correct way
1 of 9
State two benefits of a business acting ethically
. Improved reputation
. More sales (due to ethical customers)
. More investment
2 of 9
How can climate change impact businesses?
. If they don't use sustainable production, then they will get a bad reputation
. If they do use sustainable production, then they will have a good reputation but costs will be higher
3 of 9
How can businesses behave in an environmentally friendly way?
. Recycle waste
. Reduce waste
. Use renewable energy resources
. Source locally
4 of 9
What does GDP show?
The total value of goods and services produced by a country in one year
5 of 9
What is the difference between employment and unemployment?
. Employment is the number of people with a job
. Unemployment is the number of people without a job that are currently looking for one
6 of 9
What is the impact of 1) high consumer income and low unemployment and 2) low consumer income and high unemployment on businesses?
1) Increase in sales and production, more purchases of luxury goods
2) Decrease in sales and production, particularly in luxury goods, higher proportion of disposable income spent on necessities
7 of 9
What are the benefits and drawbacks to a business of globalisation?
. Greater access to more customers
. Can outsource work to employees in developing countries
. Spread of risk
. More competition
. Poor reputation if exploiting developing countries
8 of 9
What is a tariff and what is a quota?
. A tariff is a tax on importing foreign goods into a country
. A quota is a limit on how many foreign goods can be imported
9 of 9

Other cards in this set

Card 2

Front

State two benefits of a business acting ethically

Back

. Improved reputation
. More sales (due to ethical customers)
. More investment

Card 3

Front

How can climate change impact businesses?

Back

Preview of the front of card 3

Card 4

Front

How can businesses behave in an environmentally friendly way?

Back

Preview of the front of card 4

Card 5

Front

What does GDP show?

Back

Preview of the front of card 5
View more cards

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JTPro

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Isaac Jardine

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Isaac Jardine

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a GREAT resource helped me pass my gcse and a levels and uni degree thank you JTPRO i love u

Isaac Jardine

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i accident gave 1 star but it is a 7 star resource

JTisbad

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actually very god trust

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