consumer reponsibilities junior cert business

globalisation

how the countries of the world exchange goods services and ideas

global business

a business that operates in many countries around the world. they conduct business around the world and treat the world as 1 market

benefits of globalisation

wider choice of goods and services at a competitive price

creates employment

allows for the sharing of new ideas culture and experiences

risks of globalisation

environmental impact as if goods are transported long distances

globalisation can lead to rich countries becoming richer and less developed countries are being exploited for raw materials and labour

what an ethical consumer will do

make sure products they are buying is cruelty free

make sure the workers who made the product are being paid fairly

make sure workers who made the product have safe working conditions

business ethics

the moral choices made by a business

unethical corporate practises

unfair labour practises eg employing children

damaging the environment eg releasing harmful waste to nearby rivers

putting the consumer at risk eg not correctly testing out the products in order to save money

sustainability

finding ways of satisfying our needs and wants without stopping the future generation from meeting their needs

corporate social responsibility

how a business manages its impact on society and the environment

how to be an ethical consumer

looking for labels on products that indicate and promote ethical business practises

fairtrade

a social movement that helps farmers in developing countries get a fair price for the crops they grow and make sure that workers are treated with respect

sustainable development

meeting the needs of the present without stopping future generations from meeting their needs

how to be a sustainable consumer

recycle

look for products with reduced impact on the environment eg less packaging

use environmentally friendly transport

carbon footprint

a measure of how the activities of an individual organisation and country affect the environment

food miles

the distance food travels from the producer or manufacturer to the consumer

how to reduce your carbon footprint

by choosing goods that have been produced closer to home