Ethical Benefits and Drawbacks

Consumers are more ​ (a)   in the business, attracting ​ (b)   customers and helping create ​ (c)   . This should result in increased revenue and ​ (d)   .

• confidence
• new
• loyalty
• profits

Businesses can end up developing new ​ (a)   in an effort to be more ethical. Eg Primary deciding not to stock ​ (b)   cotton pads, Adidas partnered with Parley for the Oceans to create shoes made from ​ (c)   ocean plastic.

• processes/products
• disposable
• recycled

Businesses that go above and beyond the ​ (a)   may have systems in place if the law changes eg businesses paying a ​ (b)   wage may not need to change wages if the minimum wage changes, businesses using ​ (c)   vehicles do not need to change their fleet due to the ​ (d)   created in Glasgow, Edinburgh, Aberdeen & Dundee.

• law
• living
• electric
• LEZs

It can attract employees with good ​ (a)   , therefore they will have a good fit with the organisation and ​ (b)   . Reducing recruitment and selection ​ (c)   .

• morals/values
• stay
• costs

IF employees are involved in CSR initiatives it can improve their health and ​ (a)   , develop ​ (b)   skills and build stronger ​ (c)   between employees creating a more ​ (d)   workforce.

• wellbeing
• soft
• bonds
• united

Helps attract customers to the business as customers tend want to be part of a movement for ​ (a)   . It is also easier to come back from any ​ (b)   press if a business has had a previously ​ (c)   ethical record – customers/public tend to be more ​ (d)   .

• good
• bad
• forgiving

Businesses caught ​ (a)   or being inconsiderate to stakeholders can attract ​ (b)   attention and ​ (c)   on social media. People love ​ (d)   bad news.

• exploiting
• media
• trend
• spreading

Ethical actions/initiatives can be used within ​ (a)   to help create a good reputation and ​ (b)   new customers while retaining customers. Can help give a ​ (c)   advantage.

• adverts
• attract
• competitive

Some ​ (a)   friendly processes such as ​ (b)   the amount of water and ​ (c)   used, reducing the level of waste produced, can reduce ​ (d)   costs.

• reducing
• energy
• operational
• environmentally

Employees working in (a)   buildings are also proven to be (b)   and (c)   , which leads to more productive employees and less absence due to illness, and therefore represents a more (d)   wage expense.

• greener
• healthier
• happier
• cost effective