Notes
Business Studies
Content of the notes (1)
Page 1
Business Morals and Ethics
Profits Vs Higher Wages Business Ethics: solutions- Taxation, Self Regulation, Subsides, Government/EU Regulation,
Supplier Benefits Vs Consumer Prices Legislation, Pressure Groups, Improve Competition and Contestability of Markets,
Business Survival Vs Stakeholder Needs Social and Environmental Audits
Production Vs Pollution
Expansion Vs Development
Profits Vs Higher Wages- A businesses profit is directly proportional to its growth, survival and success. Morally giving higher wages to employees working towards your profit is ethically right, although a profit is needed in order to sustain and survive in a business environment.
Supplier Benefits Vs Consumer Prices-