Environmental Considerations Flashcards
All 6 cards in this deck
Name four environmental impacts of business activity named in the specification.
Traffic congestion, disposing of waste, noise pollution and air pollution.
Give three ways a business can act with greater environmental responsibility.
Recycling its waste, reducing packaging, and using less energy or fuel (plus disposing of waste safely).
Give three benefits to a business of being more environmentally friendly.
Positive publicity and reputation; competitive advantage through a USP/differentiation; using fewer resources such as energy and packaging.
Give two costs to a business of accepting greater environmental responsibility.
Initial investment and research costs for new production methods; it is time-consuming and can divert resources from profit-focused activities.
How do consumers accept greater environmental responsibility in their decision making?
They choose recycled or low-packaging products and may be willing to pay more for environmentally friendly ones, so businesses that pollute lose sales.
True or false? Being more environmentally friendly can only ever add to a business's costs.
False. Removing packaging or using less energy and fuel cuts costs, so profit margins can increase.