Business Ethics and Solutions

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Examples of business ethics-

Production of children's toys

Coffee industry : fair trade

Baby milk

Music industry

Multi-nation operations

McDonalds - food quality, litter

Chocolate industry : fair trade

Jewellery - diamonds and gold

Chemical industry

Ways for solutions-

taxation : when prices are increased on sugar products for instance so the demand rate will decrease over time to make people healthier

Self regulation :

Subsidies :

Government/EU regulation : basically laws like thing to say stop animal testing :

Legislation :

Pressure groups :

Improve competition and contestability of markets :

Social and environmental audits : when someone goes and checks that a business is not breaking any laws or doing anything they shouldn't