Ethics and business (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What do business ethics refer to?
What do business ethics refer to?
Moral standards shaping company behaviour
Which of these is NOT listed as a stakeholder in the notes?
Which of these is NOT listed as a stakeholder in the notes?
Competitors
What is created when businesses balance profit and ethics?
What is created when businesses balance profit and ethics?
A trade-off situation
Which is an example of higher costs from ethical choices?
Which is an example of higher costs from ethical choices?
Paying fair wages above minimum requirement
What long-term benefit does ethical treatment of employees lead to?
What long-term benefit does ethical treatment of employees lead to?
Higher motivation and productivity
What are pressure groups?
What are pressure groups?
Organisations persuading businesses to change
Which is a direct method pressure groups use?
Which is a direct method pressure groups use?
Lobbying governments for new regulations
How can pressure groups damage businesses that ignore ethical concerns?
How can pressure groups damage businesses that ignore ethical concerns?
Through negative publicity hurting sales
In the marketing mix, what do pressure groups encourage for Product?
In the marketing mix, what do pressure groups encourage for Product?
Use of sustainable and renewable resources
What Price-related practice do pressure groups advocate?
What Price-related practice do pressure groups advocate?
Fair prices paid to suppliers
What do pressure groups demand for Promotion in the marketing mix?
What do pressure groups demand for Promotion in the marketing mix?
Accurate and truthful advertising info
Which is an ethical practice for employee relations?
Which is an ethical practice for employee relations?
Investing in training and career advancement
What does responsible sourcing involve in supply chain management?
What does responsible sourcing involve in supply chain management?
Choosing suppliers who follow ethics