1. NO ENTRANCE TICKET in notebook
11/20/13
NO ENTRANCE TICKET in notebook
Read your Sweatshops Argumentative Paragraph out loud to yourself.
Make necessary proof-reading corrections.
On desk: Typed, proof-read, double-spaced Sweatshop paragraphs

2. 11/20/13
Econ. Agenda
What is social responsibility? (class notes)
Am I a socially responsible consumer? (online research)
HW: Socially responsible consumer research

3. Class notes – Social Responsibility
11/20/13
Class notes – Social Responsibility
Industry:
a particular branch of economic activity
Example – Nike is in the athletic wear industry.
Example – General Mills is in the food industry.
Retailer:
business or person that sells goods to consumers
Example – Dunkin’ Donuts is a retailer of coffee.

4. 11/20/13
Class notes
Parent company:
company that owns a smaller company
Example: The YUM! Corporation is the parent company of KFC, Pizza Hut, and Taco Bell

5. 11/20/13
Class notes
Social Responsibility:
Companies who are socially responsible go out of their way to:
Be environmentally friendly
Pay fair wages and have good working conditions
Support workplace diversity (hire minorities & disabled)
Increase product safety and quality
Donate to or sponsor charities

6. Example of Socially Responsible Company
Retailer: Ben and Jerry’s Ice Cream
Industry: Food
Products: Ice-Cream, t-shirts, etc.
Donate 20% of profits to charities
Prints menus and wrappers on recycled paper
All food is grown in U.S., not from other countries
Hires minorities & disabled

7. 11/20/13
How does buying local help the local economy?
When you purchase goods from non-local corporations, the profits they make & taxes they pay leave your communities
Example: Taco Bell
Parent Corporation: Yum! Brands
Headquarters: Louisville, KY (CEO: David C. Novak)

8. 11/20/13
How does buying local help the local economy?
Buying from local companies keeps the profit they make and taxes they pay in your communities as trickle-down investments
Example: New Harvest Coffee Roasters
Headquarters: Main St., Pawtucket, RI
Owners: Rik Kleinfeldt and Paula Anderson

9. 11/20/13
How does buying local help the local economy?
Buying from local companies is also better for the environment
Maxwell House Coffee (roasted in San Leandro, CA) has to travel 3,088 miles to get to you.
New Harvest Coffee (roasted in Pawtucket, RI) has to travel MAYBE 5 miles.

10. 11/20/13
Am I a socially responsible consumer?
Socially responsible consumers:
Are informed about the companies they buy from.
Choose to support companies (buy products from) whose mission, values, and ethics align with their own.

11. Socially Responsible Consumption
Choose 1 company that you buy products from and 1 substitute company that you could buy similar products from. (must be from same industry)
Research these companies to give them a Social Responsibility Score (grade A – F)

12. Cars:
Subaru vs. other
Coffee:
Dunkin’ Donuts vs. Starbucks or New Harvest Roasters
Clothing:
American Apparel vs. other
Jeans:
Levi’s American vs. other
Shoes:
Nike vs. Tom’s
 Big-Box Stores:
Wal-Mart vs. Target
Other?:
 Cereal:
General Mills vs. Cascadian Farm
Computers:
Apple vs. other
Cell phones:
Random gifts:
Ten Thousand Villages vs. Macy’s/J.C. Penny, etc.
Fast Food:
Panera Bread vs. other
Jewelry:
Alex & Ani vs. other
Banks:
Pawtucket Credit Union vs. other

13. Cars:
Subaru vs. other
Coffee:
Dunkin’ Donuts vs. Starbucks or New Harvest Roasters
Clothing:
American Apparel vs. other
Jeans:
Levi’s American vs. other
Shoes:
Nike vs. Tom’s
 Big-Box Stores:
Wal-Mart vs. Target
Other?:
 Cereal:
General Mills vs. Cascadian Farm
Computers:
Apple vs. other
Cell phones:
Random gifts:
Ten Thousand Villages vs. Macy’s/J.C. Penny, etc.
Fast Food:
Panera Bread vs. other
Jewelry:
Alex & Ani vs. other
Banks:
Pawtucket Credit Union vs. other