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2.1.9 Business within society – ethics and sustainability Lesson Objectives Define Key Terms Explain the ways in which businesses can be seen to be operating in an ethical manner Evaluate the consequences to businesses of not operating in an ethical manner Explain ways in which a business may act in order to achieve sustainability Answer exam questions on the topic

Ethical Behaviour examples Ethics: A written and unwritten code of principles and moral values. Where the business operates in a morally correct way by doing the “right” thing Ethical Behaviour examples

Consequences of Operating in an Ethical Way POSITIVE IMPACT: NEGATIVE IMPACT:

Sustainability An example of sustainability is investing in energy saving equipment to ensure that the resources to produce electricity are not used up. What is the definition? Taxes A written and unwritten code of principles and moral values. Where the business operates in a morally correct way by doing the “right” thing Sustainability The amount of money taken from the general public and businesses by the government to spend on public services Exchange Rates Operating in a way to meet the needs of today without using up resources for future generations to meet their needs Ethics The price at which one currency is bought and sold for another. e.g. You can buy US$1.65 for £1.

Ways a business can operate in a sustainable manner

Plenary Lesson Objectives Define Key Terms Explain the ways in which businesses can be seen to be operating in an ethical manner Evaluate the consequences to businesses of not operating in an ethical manner Explain ways in which a business may act in order to achieve sustainability Answer exam questions on the topic