6.2 Environmental and Ethical Issues IGCSE Business Studies

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[@nightline8978]

I just want to say you are videos are helping me soo much. thanks for your time making these :)

[@sensebusiness]

thank you :)

[@shaniapri222]

1.A pressure group is group of people who share a common interest and take action to achieve the changes they are seeking. 2.When making ethical decisions businesses should never take or offer brides to government officials or people working for other firms , employ child workers,agree to "fix high prices" with competitors, buy in supplies that have led to damage to the environment and pay directors large bonuses and owners of businesses large profit pay while reducing the workforce. 3.Society can boycott business until they show evidence that they are conducting business with the enivronment in mind and they can also create petitions to appeal to the company to make more ethical decisions. 4.Externalities are costs or benefits caused by a producer that is not financially incurred or received by that producer.] 5.Social responsibility refers to organizations conducting business in an ethical manner and with sensitivity towards social,cultural,economical and environmental issues.

[@jesuslovesyou8404]

People like you give everyone the chance to reach their full potential - thank you

[@siamish4460]

1.Pressure groups are people that work together in order to pressurize the businessee to stop damaging the environment through their products or production process. 2.the business should make sure not to bribe any person to gain any kind of secret information. The society is the considered to be the king as they ar the customers so if a business does not give environment a higher priority his demande for his products may fall therefore leading to business closure.

[@Sani-jz7ds]

your a top G

[@user-xx9hn6yh5y]

I can not thank u enough

[@nursofeanurhisham]

the questions at the end are really helpful, thank you for making these videos

[@sensebusiness]

Great! make sure you answer all of them and try to do some past exam papers :) also what other IGCSE topics would you like to see on this channel?

[@blindradio7634]

@@sensebusiness Computer science

[@abdurraqibsk3843]

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[@blindradio7634]

are financial costs and private costs the same thing?

[@alexkawar3931]

Financial costs are a part of private costs but there are also other private costs

[@911iamonfire6]

what do you mean by fixing prices?

[@baderal-sabri6111]

firms concert to fix high prices so that customer have no choice to see a cheaper competitor for the business

[@iamlaure1940]

19:12 and 19:20 are they not minus instead of plus??

[@johngalvan4879]

Iam Laure typo.. it’s a plus :) go back to the prev slides about social costs

[@69tg97]

Tysm

[@penguin0_0edits]

who has their igcse business studies test soon 👇

[@yusuftaheri3540]

a day an a half 🥲

[@penguin0_0edits]

@@yusuftaheri3540 good luck bro

[@justraymond7738]

Explain your points more

[@rexynator_ytb]

social cost is not external cost +private cost?

[@harishankarshikkulal8599]

it is

[@blindradio7634]

Hello, please be completely honest with my answers, thanx in advance 1. A pressure group is a group of people who pressure businesses to become socially responsible and aware of their environmental waste. 2. Bribe government officials, 3. By setting up pressure groups, then try boycotting a certain manufacturer by alerting the masses of the negative effects the manufacturer has on the environment. 4. External factors that affect a business. 5. Social responsibility is the responsibility of caring about society and the environment of that society

[@sensebusiness]

yes, fair answers well done.