Businesses can choose to work in a way that profits only the owners or in ways that benefit the community. Working ethically means acting in ways that are both fair and honest.
What is ethical behaviour?
Observing the law
Doing the right thing
Accepting lower profits
Which of the following best describes the link between ethical behaviour and profits?
A trade off
How does ethical behaviour affect profits?
It always reduces profits
It always increases profits
It can increase or decrease profits
Which of the following is true about acting unethically?
Is always unlawful
Can damage brand image
Always increase profits
What do pressure groups aim to do?
Change the behaviour of businesses
Make a profit
What does ethical behaviour mean taking account of?
Whose interests are prioritised in ethical firms?
Which of these is NOT a method used by a pressure group?
Which stakeholder is most able to stop unethical business behaviour?
Why do some businesses promote their ethical behaviour?
To cut costs
As a marketing exercise
To observe the law