• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Changing Business Practices + Ethics and Sustainability 10 Mark Question

Extracts from this document...

Introduction

Transfer-Encoding: chunked Ethics and Sustainability 10 Mark Question Primark makes and sells low priced clothing and accessories. They must be seen to operate in an ethical way. This means treating stakeholders holders in a fair and honest way and complying to all relevant legislation. Consumers want to buy from companies who operate in an ethical way. They will not want to buy products that have been made using child labour. Primark must ensure that the workers in it?s factories in developing countries are paid a fair wage, not be forced to work overtime and are old enough to be at work. They must also ensure that the factories are safe and do not endanger the health of employees If Primark are found to be operating unethically then their reputation will fall which will stop existing customers from buying form them and discourage new customers. ...read more.

Middle

Primark will need to invest in training and systems to ensure they are working in an ethical manner. They will also need to communicate the good work they are doing to customers. This will cost Primark time and money but will ensure that consumers are satisfied that they are buying from a responsible retailer and that they are protected from negative publicity Changing Business Practices 10 Mark Question Britain is facing an ageing population. Apple will need to change their business practices to respond to this or it may result in negative consequences for the business. Apple can change their business practices in a number of ways to respond to an ageing population. One thing that they could do is adapt their products to be more suited for the older generation. ...read more.

Conclusion

This will result in a loss of potential customers for Apple which will lead to a loss in potential profit. It might also make the competitor stronger which will make it harder for Apple to compete. Another negative consequence to Apple of not making changes to its business practices is that they might make their existing customers unhappy. This is because many of these existing customers might be part of the ageing population and would feel under- valued by Apple if their needs were not being met. These customers might stop buying Apple products resulting in a loss of profit. Apple need to be aware of changes to the environment like an ageing population and be ready to change their business practices to respond. If they do not then it could mean a loss of customers and therefore profit plus it could allow competitors to become more powerful. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. English for business

    11) Criticize your last boss. VI. Describe your ideal boss: � Strong/ weak personality � Very ambitious � Easily adapting � Good organizer � Modest � Funny � Well informed � Efficient What do you think of the following situations? 1. You don't like your boss.

  2. Free essay

    Business Ethics

    They felt success could be built on hardwork, creativity, and genuine customer satisfaction. It is the belief that high ethical standards are in the long run good for profits that is stressed in business today. In spite of improvements, however, there is evidence that managing a business may involve, at every level, a compromise with an individual's ethical standards.

  1. Year 10 GCSE Business Studies

    Dyton's average annual income per worker is �28,000 (�4000 more than Tonbury). Advantages of locating in Dyton Because Dyton's residents earn more money they are more likely to buy larger quantities of jewellery and also but the more expensive jewellery in the store.

  2. Business studies - Business Plan

    Yes In any aspect of the business being up to date is necessary as if work is left pending for too long it begins to pile up very quickly. If all my work is done in time and kept up to date I can avoid having to spend extra hours working overtime to catch up.

  1. What do recent attempts to adopt 'partnership' approaches and practices suggest about the changing ...

    At this level it can refer to union involvement in the European Social Dialogue and the negotiation of framework agreements, such as those on parental leave and part time work, which have been adopted as directives by the European Union (Heery, 2002).

  2. Stakeholders + Developing Good Working Relationship 10 Mark Question

    Google offer their employees an incredible working environment. This includes: gourmet food at the canteen, free haircuts on site, pool tables, games consoles, relaxation areas, comfortable and colourful furniture amongst other things. As a result of this employees at Google feel valued and are motivated to stay at Google.

  1. Ethics + External Environment 10 Mark Question

    changing it, this will lead to a decrease in the amount of furniture sold by SOF.

  2. How the Equality Act, Employment Act and Health and Safety at Work Act ...

    HR needs to ensure that they way the candidates are shortlisted complies with the equality act 2010. Therefore they can face fines as well as poor reputation which will put off future candidates and demotivate current employees. Primark can also use the equality commissions website for further help and advice .

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work