OCR GCSE Business (9-1): Unit 6 Influences on Business

Ethical behavior is about...

• ...doing what is morally right.

• ...doing the right thing by shareholders.

• ...recycling wherever possible.

• ...not breaking the law.

What is the name of the movement that encourages businesses to pay a fair price to suppliers in developing countries?

The main problem with behaving in an ethical and environmentally friendly way is that...

• ...it tends to increase business costs.

• ...it is too 'political'.

• ...it normally reduces sales.

• ...it isn't the job of business to worry about these things.

__________ production is production that does not lead to the depletion of (using up) of natural resources.

What is a key benefit to business of acting in an ethical and environmentally friendly way?

• It can enhance a business' reputation

• Lower taxes

• It will reduce costs

• Increased share price

Name a key stakeholder group who businesses should always consider their treatment of if they are to operate ethically?

Resources that can be used more than once (such as wind or sunshine) or regenerated (such as plants) are known as _______________

The economic climate is about...

• ...what is happening to incomes and employment.

• ...the conditions affecting next year's harvest

• ...global warming.

• ...where a business chooses to locate.

The amount of money that people earn from work or from assets such as shares and property is known as ____________

A recession is when...

• ...GDP has fallen for a period of time.

• ...a business has to make people redundant.

• ...when unemployment increases by > 5%

• ... a business sees a fall in profits.