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Stakeholders, Social Responsibility and the Environment

AB
Environmentally friendlythese are products that are designed so that they avoid environmental damage either in their production or when they are thrown away.
Ethical code .sets out everything that a person or a business believes is important for responsible behaviour
Externalities- negativeare damaging effects of business activity, e.g. a firm may pollute a river.
Externalities- positiveare the beneficial effects of business activity for which no charge is made.
Non renewable resources .are natural resources which are limited in supply. Once they have be used up they cannot be replaced
Pressure groupsare organisations that aim to change the beliefs, values or decisions of other organisations.
Recyclingmeans reusing waste materials in production so that fewer resources are needed to maintain output
Stakeholdersare people who have an interest in the success of a business- managers, shareholders, suppliers, workers, community, government.
Sustainable growthis an increase in incomes that does not cause environmental problems for future generations.

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