Ethical Consumption (Junior Cert Business Studies): Flashcards

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Ethical Consumption
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Ethics definition

Making decisions based on what is morally right or wrong

Ethical consumption meaning

Considering moral impact of buying decisions

Business ethics definition

Moral decisions/practices guiding company operations

'Voting with your wallet' meaning

Supporting ethical businesses with your purchases

Sustainability definition

Meeting our needs without preventing future generations meeting theirs

CSR (corporate social responsibility)

How business manages impact on society and environment

Fairtrade definition

Ensures fair payment for farmers and decent wages/working conditions in developing countries

Fairtrade product examples

Coffee, tea, bananas, chocolate, rice, flowers

CE Mark indicates

Products meet EU health, safety, environmental standards

EU Organic Logo indicates

Meets strict European organic farming standards

Guaranteed Irish Logo indicates

Products manufactured in Ireland

FSC Logo indicates

Paper/wood from responsibly managed forests

Leaping Bunny Logo indicates

No animal testing occurred in product development

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