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How can businesses behave ethically (Marketing (Designing new products to…
How can businesses behave ethically
Marketing
Designing new products to reduce the damage they do to the environment.
Avoid targeting children with advertisements for products with potentially a harmful outcome e.g. Junk food.
Not using a dominant market position to set unacceptably high prices.
Don't charge high prices for essential products e.g. medicines.
Human resources
Fringe benefits
Offering employee the opportunity of high-quality training, despite its cost.
Paying wages that are sufficient to allow employees a decent standard of living.
Having a safe working environment for workers e.g. safe factory.
Finance
Businesses can give 10% of there yearly profit to charity.
Pay employees equally and good pay.
To invest in facilities for the local community.
Give employees equal profits and not a specific job a higher wage.
Operations
Not employing children under the age of 14yr.
Not polluting the environment e.g Noise pollution; Air pollution.
Start to manufacture products that can be recycled (and not thrown away) once they have been to used at there best.
Managers should choose not to buy products from unethical practice for example destroying the rainforest or the employment of child labour.