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17 Cards in this Set
- Front
- Back
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Ethics |
A moral code that people and businesses decide to follow. Based on what they believe to be morally correct. |
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Pressure Groups |
Organisations that support causes and try to make the Government or businesses change the way they do things eg PETA |
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Supply Chain |
The process of getting the product from the raw materials to the customer. This could involve using immoral methods such as child labour. |
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Resource Depletion |
The using of resources in production which depletes world supplies. |
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Climate change |
The impact of the increase in greenhouse gases from increased production across the world. |
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Pollution |
Negative impacts caused by businesses. Could be linked to air, noise, odours or water. |
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Recycling |
Converting waste products into something that can be used again. This can help improve business image |
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Developed Countries |
Countries that have a relatively high income per person. |
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Developing Countries |
Countries that have a lower income per person. |
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Import |
The purchase of a good or service from a foreign business eg A UK citizen buying an iPhone |
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Export |
The sale of a good or service to a foreign buyer eg a French citizen buying a Mulberry bag |
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Protectionist Policies |
Policies to reduce foreign imports coming into countries to try to protect local businesses. |
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Tariffs |
A tax put on goods coming into your country to raise the price and make it look less attractive to buyers. |
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Quotas |
A limit on the number of goods foreign businesses can export to your country |
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Export Subsidies |
Where the government gives financial help to those exporting, with the aim of making the goods cheaper and hence more attractive to foreign buyers. |
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Regulations |
All the rules businesses have to follow, sometimes called Red Tape. |
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Minimum Wage |
The lowest payment per hour that can be given to a worker, by law. |
