environmental considerations

• What recent trend have businesses and consumers been accepting?

  Greater environmental responsibility
• What are some impacts leading to greater environmental responsibility?

  Traffic congestion, recycling, waste disposal
• What are the advantages of accepting greater environmental responsibility?

  • Enhances business reputation
  • Provides a marketing angle
  • Gives competitive edge
  • Reinforces brand loyalty
  • Attracts environmentally conscious customers
  • Avoids unwanted attention from pressure groups
  • Attracts green investors
• How can accepting environmental responsibility enhance a business's reputation?

  By being known for environmental responsibility
• How can businesses use environmental responsibility as a marketing angle?

  To attract customers who value sustainability
• How does brand loyalty relate to environmental responsibility?

  Environmentally conscious customers become less price sensitive
• What financial benefit can arise from less price sensitivity among environmentally conscious customers?

  Increased prices and possibly increased revenue
• What is a potential benefit of avoiding unwanted attention from pressure groups?

  It helps maintain a positive public image
• Who are green investors?

  Investors willing to fund environmentally conscious businesses
• What are the disadvantages of accepting greater environmental responsibility?

  • Need for new equipment
  • Possible higher costs in the short term
  • Requirement for new processes
  • Need for staff training
  • Increased administration
• What might businesses need to invest in when accepting greater environmental responsibility?

  New equipment and alternative energy sources
• What is a theoretical argument against accepting greater environmental responsibility?

  It might lead to higher costs and lower profits
• What is the focus of the discussion on environmental responsibility?

  Looking after our environment
• What are the key considerations for businesses regarding environmental responsibility?

  • Balancing costs and benefits
  • Enhancing reputation vs. potential costs
  • Attracting customers vs. operational changes
  • Long-term sustainability vs. short-term profits