Ethics

• business ethics


  the principles and norms that govern business behaviour
• unethical practices can damage brand image and cause a loss in profitability
• ethical considerations

  • marketing
  • supply chain
  • environmental
  • stakeholder conflicts
• sweatshop


  a factory or warehouse with poor working conditions and where workers receive low pay
• LEDC

  less economically developed country
• waste disposal is at a lower cost in LEDCs
• resource depletion: occurs when renewable and non-renewable natural resources become scarce because they are consumed faster than they can receover