Unit 2.1.4 Ethics, The Environment and Business

True or False: Ethics is when a business just does what is required by law.

• True

• False

Which of these are stakeholders?

• Employees

• Customers

• Suppliers

• All the above

Paying a fair wage, good working conditions and flexible working would be ethical ways of treating which stakeholder?

• The government

• Suppliers

• Workers

• Customers

True or False: A business can be ethical and profitable.

• True

• False

Ethical businesses believe that by being ethical they reap certain benefits. Which of these is a potential benefit of being ethical?

• Cheaper labour

• Motivated workforce

• Lower costs

• Poor reputation

A ________ audit is a detailed review of a business’s environmental impact.

What is it called when a business contaminates the air or water with harmful chemicals?

• Sustainability

• Chemical audit

• Exporting

• Pollution

What is an advantage of a business being environmentally friendly?

• It is time consuming

• May qualify for government grants and subsidies

• Guaranteed an award

• Costs nothing to implement

What is a pressure group?

• A group of people who have a common interest that try to influence business/government policy

• A group of people who do not agree with capitalism

• A group of employees that are struggling with their workload

• A manager that puts pressure on employees to perform well

Which part of the marketing mix would be influenced if Nike was pressured to change the materials of their trainers to be more sustainable?

• Product

• Price

• Place

• Promotion