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influences on businesses (international branding
competition (growth
…
influences on businesses
ethical conciderations
treatment of workers
- child labour
- fair wage / hours
- not discriminate
treatment of suppliers
- avoid late payments
- fair prices
sourcing of materials
- not from businesses employing
child labor
treatment of customers
- careful not to overcharge customers
- no false claims about products
- not sell dangerous products
advantages
- costs lower as good conditions
motivated employees
increase retention
reduce training and recruitment costs
- good reputation = increase sales
- profits higher
- good investment
disadvantages
- costs higher as pay fair wages
more health and safety provisions
- sales may be lower as higher prices
profit lower
- lower investment as low profits
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