Business Ethics and Sustainability: The Importance of Considering the Environment

The video explores business ethics, focusing on sustainability and ethical considerations. It highlights the importance of maintaining a positive public image and adhering to corporate social responsibilities. Examples of unethical practices by companies like Volkswagen and BP are discussed. The video also covers the role of pressure groups in promoting ethical behavior and the impact of sustainability on the marketing mix. Businesses are encouraged to adopt renewable energy and sustainable practices to improve their ethical image and long-term profitability.

Why is it important for businesses to maintain a positive public image?

• To reduce production costs

• To attract and retain employees

• To increase short-term profits

• To avoid paying taxes

What was the main issue with Volkswagen's actions in 2015?

• They overcharged customers

• They falsified financial reports

• They installed emissions-defeating devices

• They used child labor

How did Sports Direct's unethical practices come to light?

• Through a social media campaign

• Through a whistleblower

• Through a Channel 4 documentary

• Through a government investigation

What is a potential short-term consequence for businesses that prioritize ethical considerations?

• Decreased short-term profits

• Increased employee turnover

• Higher taxes

• Lower customer satisfaction

Which organization focuses on human rights abuses worldwide?

• Amnesty International

• Greenpeace

• Doctors Without Borders

• World Wildlife Fund

What is the primary goal of Extinction Rebellion?

• To raise awareness about climate change

• To increase global trade

• To reduce corporate taxes

• To promote renewable energy

How can businesses demonstrate their commitment to sustainability in their marketing mix?

• By lowering prices

• By outsourcing production to low-cost countries

• By using non-recyclable materials

• By highlighting sustainable practices in promotions

What impact does sourcing products from sustainable areas have on a business?

• It shortens supply chains

• It may increase product prices

• It reduces production costs

• It decreases product quality

Why is it important for businesses to consider the necessity of their actions?

• To minimize environmental impact

• To reduce employee workload

• To maximize short-term profits

• To increase market share

What is a key consideration for businesses when producing products sustainably?

• Minimizing carbon footprint

• Maximizing resource use

• Decreasing product lifespan

• Increasing production speed