Environmental Factors

• What are external costs in business?

  Harmful effects on uninvolved people
• What is the definition of finite resources?

  Resources that are limited in availability
• What is climate change?

  Long-term shift in weather patterns
• What is renewable energy?

  Energy from non-finite resources
• What does the term environment refer to?

  The natural world and its features
• How do business activities negatively affect the environment?

  Through pollution and resource depletion
• What are the environmental costs associated with business activities?

  • Noise pollution
  • Air pollution
  • Water pollution
  • Light pollution
  • Litter
  • Congestion
  • Waste
  • Climate change
  • Use of finite resources
• What is sustainability in business?

  Responsible actions for future resources
• What are environmental reports?

  Publications on a business' environmental performance
• What is recycling?

  Reuse of raw materials in products
• What are the advantages of having environmental policies in business?

  • Reducing waste lowers long-term costs
  • Meeting government targets avoids fines
  • Enhances business image and marketing
  • Consumer pressures increase sales
  • Less attention from pressure groups
• What are the disadvantages of implementing environmental policies in business?

  • Increased costs for being environmentally friendly
  • Packaging issues raise business costs
  • Staff training and supervision costs
• What does environmental responsibility entail?

  Decisions aimed at protecting the environment
• What are the advantages of implementing environmentally friendly policies?

  • Reduced business costs
  • Avoiding legal penalties
  • Improved brand reputation
  • Better employee recruitment and motivation
  • Increased customer loyalty
  • Reduced wastage
• What is sustainable production?

  Production that doesn't harm future generations
• How can businesses act sustainably?

  • Reduce packaging
  • Increase recyclability
  • Promote recycling schemes
  • Encourage reuse of bags
  • Introduce energy-saving schemes
  • Use alternative energy sources
  • Use efficient equipment
  • Reduce water consumption
  • Lower carbon footprint
  • Optimize transport use
  • Eliminate unnecessary activities
  • Switch to sustainable suppliers
• What are the environmental considerations for businesses and consumers?

  • Traffic congestion management
  • Recycling initiatives
  • Waste disposal practices
  • Pollution reduction strategies
• What are the advantages of fast food outlets in a town center?

  • Increased foot traffic for local businesses
  • Job creation and spending power
  • Attraction of other businesses
  • Skills training for community
  • Improved community appearance
  • Potential rise in house prices
• What are the disadvantages of fast food outlets in a town center?

  • Decreased customers for competitors
  • Health issues like obesity
  • Infrastructure strain and congestion
  • Social disturbances at night
  • Environmental litter and cleaning costs
  • Attraction of similar businesses
  • Unsuitable job offerings for locals
  • Potential rise or fall in house prices