Corporate Social Responsability Flashcards Preview

A Level Business Studies - Business Objectives And Strategies > Corporate Social Responsability > Flashcards

Flashcards in Corporate Social Responsability Deck (4)
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1

Define corporate social responsibility

Corporate social responsibility is being seen as a business that cares about the environment and local community and knows the responsibilities seeks past the profits

2

Define sustainability

Sustainability is the endurance of resources. Preventing negative impacts of economic systems and production on the earth and its environments

3

Name 2 issues with sustainability

1. Hire costs to install sustainable measures
2. Can be accused of being sustainable to gain customers
3. Short term inefficiency to train staff
4. Do customers really care?

4

Name 2 benefits of being a sustainable business

1. Better choice of employees
2. Larger customer basis
3. Motivates staff
4. Better reputation
5. Could potentially increase market share