6.1 Ethical and environmental considerations

• Corporate Social Responsibility (CSR) involves operating in a socially and environmentally sustainable manner.


  True
• Steps businesses can take to adhere to ethical considerations:

  1️⃣ Develop ethical codes of conduct

  2️⃣ Provide ethical training to employees

  3️⃣ Monitor and enforce ethical standards
• Sustainability means meeting present needs without compromising future generations.


  True
• Corporate Social Responsibility (CSR) is a business's commitment to operate in an economically, socially, and environmentally sustainable manner
• Businesses must comply with laws related to ethical practices to avoid fines, legal penalties, and reputational damage
• Match the ethical concern with a business response:

  Environmental Impact ↔️ Unilever uses renewable plastic packaging

  Employee Welfare ↔️ Costco provides above-average wages

  Consumer Protection ↔️ Johnson & Johnson recalls defective products
• Businesses must comply with laws and regulations related to ethical practices to avoid fines and reputational damage
• What is Costco's response to ethical concerns regarding employee welfare?

  Above-average wages and benefits
• What are the benefits of proactively addressing ethical concerns in business?

  Enhanced reputation and loyalty
• Match the ethical concern with the business response:

  Environmental Impact ↔️ Unilever's use of recycled plastic

  Employee Welfare ↔️ Costco's higher wages and benefits

  Consumer Protection ↔️ Johnson & Johnson's product recall
• Costco's high employee wages lead to positive public perception.


  True
• What are the three key areas impacted by environmental concerns in business operations?

  Regulatory compliance, cost savings, brand reputation
• Implementing eco-friendly practices can reduce waste and energy consumption
• Which company is mentioned as an example of promoting sustainability to build a strong brand image?

  Patagonia
• Ensuring fair treatment and safe working conditions is part of ethical business practices related to employee welfare.


  True
• Why is adhering to ethical business practices important for companies?

  Enhances trust and reputation
• Ethical marketing involves avoiding deceptive or manipulative advertising.

  True
• What does the ethical consideration of environmental impact focus on?

  Effect on the natural environment
• Adhering to ethical considerations in business builds trust and adds long-term value for stakeholders.

  True
• Match the environmental consideration with its description:

  Resource Usage ↔️ Consumption of natural resources

  Waste and Pollution ↔️ Harmful emissions and waste

  Sustainability ↔️ Meeting present needs without compromising future generations

  Environmental Regulations ↔️ Laws to minimize environmental impact
• Using recycled materials in product packaging demonstrates sustainability.


  True
• What is the impact of demonstrating a strong commitment to Corporate Social Responsibility (CSR)?

  Builds trust and loyalty
• Match the ethical concern with the business response:

  Environmental Impact ↔️ Unilever's use of recycled plastic

  Employee Welfare ↔️ Costco's higher wages and benefits

  Consumer Protection ↔️ Johnson & Johnson's product recall
• Businesses that demonstrate a strong commitment to CSR can build trust and loyalty
• Ethical considerations in business refer to the moral principles and values that guide a company's decision-making and actions
• Match the ethical consideration with its description:

  Environmental Impact ↔️ Effect of operations on the environment

  Employee Welfare ↔️ Ensuring fair treatment and safe conditions

  Consumer Protection ↔️ Providing accurate information and fair pricing
• Environmental considerations in business refer to the impact a company's operations have on the natural environment
• Ethical marketing avoids deceptive or manipulative advertising practices.


  True
• Steps businesses can take to respond to ethical concerns:

  1️⃣ Identify ethical issues

  2️⃣ Develop ethical policies

  3️⃣ Implement training programs
• Costco's policy of above-average wages improves employee satisfaction and retention.

  True
• What is Corporate Social Responsibility (CSR)?

  Commitment to ethical business practices
• Unilever aims to use 100% renewable or recycled plastic in its packaging by 2025.


  True
• Johnson & Johnson prioritized consumer safety by recalling defective products
• How does CSR contribute to building stakeholder trust?

  Demonstrates commitment to ethics
• Unilever's commitment to using 100% renewable or recycled plastic aims to reduce its environmental footprint
• Why did Johnson & Johnson recall their defective products?

  To maintain customer trust
• Businesses must adhere to environmental laws to avoid fines and legal penalties.


  True
• What do consumers prefer in terms of brand commitment to environmental responsibility?

  Sustainable and ethical practices
• What is a key aspect of ethical business practices regarding Corporate Social Responsibility (CSR)?

  Operating sustainably
• Minimizing environmental impact through resource efficiency is part of ethical business practices related to environmental sustainability