AOS 3 BUSMAN - KK9 - KK10

final two questions section a one is a discuss discuss question

KK9 — Corporate Social Responsibility (CSR)

CSR

is the continuing commitment of a business to go above and beyond its legal obligations to operate in a manner that addresses the wellbeing of employees, customers, the community and the environment.

Advantages of CSR

Improved reputation

Reduced environmental impact

Disadvantages of CSR

Higher short-term costs

Slows production down

Global Sourcing

is obtaining materials from overseas suppliers.

Advantages of Global Sourcing

Lower material costs

Greater supplier choice

Disadvantages of Global Sourcing

Ethical concerns

Transport delays

Overseas manufacture

is producing goods in another country to reduce costs or increase capacity.

Advantages of Overseas manufacture

Lower labour costs,

Increased production capacity,

Disadvantages of Overseas manufacture

Quality control issues,

Communication barriers

Global Outsourcing

is using overseas businesses to complete operational tasks.

Advantages of Global Outsourcing

Access to expertise, Improved efficiency

Disadvantages of Global Outsourcing

Communication issues, Quality inconsistencies