Question 1: Define the term 'ethical considerations' in a business context.

Answer: Ethical considerations refer to the moral principles and standards that guide business behaviour, ensuring actions are right and fair.

Question 2: Identify two ways a company's commitment to ethical practices can benefit its reputation.

Answer: It can improve customer trust and loyalty, and attract ethically conscious investors and partners.

Question 3: Explain why a business might choose to source its materials locally rather than internationally from an ethical perspective.

Answer: Sourcing locally can ensure fair working conditions, reduce environmental impact, and support the local community, aligning with ethical values.

Question 4: List two potential ethical dilemmas that a business might face when trying to cut costs.

Answer: Deciding whether to reduce employee wages or to cut corners on environmental safety standards.

Question 5: Describe how a business can demonstrate ethical behaviour in its advertising practices.

Answer: By providing honest information, avoiding misleading claims, and respecting customer rights.

Question 6: Discuss the impact of ignoring ethical considerations on a business's long-term success.

Answer: Ignoring ethics can damage reputation, lead to legal penalties, and result in loss of customer trust, ultimately harming long-term profitability.

Question 7: Sketch a logo for a company that wants to promote its ethical values. Use symbols or colours that reflect ethics and responsibility.

Answer: A correct sketch would include symbols like a leaf or a handshake, with colours such as green or blue to evoke trust and responsibility.

Question 8: Explain how ethical sourcing can influence consumer purchasing decisions.

Answer: Consumers may prefer products from ethically sourced suppliers because they want to support fair treatment of workers and sustainable practices.

Question 9: Identify two government regulations or laws in the UK that promote ethical business practices.

Answer: The Modern Slavery Act and the Bribery Act.

Question 10: Describe a scenario where a business faces an ethical decision about environmental sustainability.

Answer: A business considering whether to continue using plastic packaging that is cheaper but harmful to the environment, or switching to eco-friendly materials that are more expensive.