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6.4 Business and Ethical Issues; Pressure Groups

Homearrow_rightBusiness Studies arrow_right Revision Notes arrow_right IGCSE arrow_right External Influences On Business Activity arrow_right Business And Ethical Issues Pressure Groups
IGCSE Business · Change course

Cambridge IGCSE Business (0264) syllabus reference: 6.4.1 and 6.5.1

Success criteria - by the end of this topic you can:
Key terms
Ethical decision - a decision based on what is morally right, not only on what is profitable.
Pressure group - an organisation of people who try to influence business decisions or government policy.

Ethical issues: child labour, paying fair wages to employees, paying fair prices to suppliers, and using suppliers who do not damage the environment.

Being ethical
AdvantagesDisadvantages
Better reputation and customer loyaltyHigher costs (fair wages, certified suppliers)
Attracts employees and investorsHigher prices may lose price-sensitive customers
Avoids pressure group campaigns and legal actionLower profit in the short term
🔒 Also in the full notes
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📝 Practise this topic
Case Study 1 (Paper 1 style, 20 marks): Questions · Mark scheme 🔒 · A* answers 🔒
Case Study 2 (Paper 2 style, 20 marks): Questions · Mark scheme 🔒 · A* answers 🔒
End of Unit 6: Unit 6 Review case studies →
All Unit 6 topics← 6.3 Business and the Environment