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Business Studies IGCSEPDF 187
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Subsidies for
Green Firms
Enhances brand image and
attracts investors.
Reduces risk of government
intervention or legal issues.
Builds customer loyalty and trust.
Advantages of Ethical Behaviour
Financial support for eco-friendly
initiatives.
Ethical restrictions may limit business
opportunities.
Disadvantages of Ethical Behaviour
Definition:
Ethics refers to moral principles guiding business behaviour — doing what is
just what is legal or profitable.
Examples of Ethical Issues:
● Child labour: Should firms outsource to countries with weak labour laws?
● Bribery and corruption: Should firms pay bribes to win contracts?
● Product safety: Selling unsafe or misleadingly advertised products.
● Fair treatment: Paying workers fairly and providing safe conditions.
● Associations: Partnering with suppliers or organizations with unethical
reputations.
May lose competitiveness against unethical but
cheaper rivals.
Tax breaks for solar panel
manufacturers or electric
vehicle companies.
Ethical sourcing and production increase costs.
, not
6. Ethical Decisions in Business
right