Flashcards
Ethical & Social Issues
Cards in this deck (11)
- 1Business Ethicsis concerned with behaving in a moral way
- doing what you know is right rather than what you feel you can get away with - 2Animal Rightsbusiness must decide is they feel it is ethical to test products on animals or sell animal products produced in inhumane conditions
- 3Code of Practicesets out what they think is ethical-form of self regulation
-important to stakeholders as many people will not shop/trade with a business that they feel is unethical - 4Employee Rightsbusinesses must decide if they feel it is ethical to pay employees poor wages to minimise costs
*particularly important where goods are produced abroad in developing countries - 5The environmentbusinesses must decide if they feel it is ethical to pollute the environment
- 6Trading policiesbusinesses must decide if it is ethical to trade with countries with bad human rights records
- 7the nature of productsbusinesses must decide if it is ethical to sell certain products
e.g. toy guns to kids
provocative clothing to kids - 8Social Issuesrelate to how a business acts towards society
an organisation that is socially responsible will take responsibility for the wider community - 9businesses may develop a corporate social responsibility policy....states how they will ensure they are socially responsible
*an example of self regulation
may include policies such as:
-supporting local charities
-supporting local community activities & events
-creating educational partnerships with local schools - 10Tesco PLC- Ethical trading?support charities
-donating their entire UK unsold clothing & accessories to charities (cancer research & birth defects foundation)
-support the race for life event for cancer research - 11Tesco PLC- unethical trading?-using clothing producers who use child labour
-using meat suppliers who cut down rainforests to make way for farms
-using palm oil in their own brands which is grown on land which used to be habitats for orang-utans (endangered species)
in response Tesco have:
used only fair-trade cotton in clothing
committed to ethical production in clothing
(including a guarantee they wont use child labour)
committed to locally sourced meat
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- As Level Applied Business Studies Flashcards on Ethical & Social Issues, created by amy_geee on 29/04/2015.
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- amy_geee
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