Environmental influences on business activity

Q1: What are some environmental costs of business activity?

• Pollution

• Climate change

• reduction of finite resources

hat does sustainability mean in a business context?

conducting business in a way that avoids harming the environment and conserves natural resources for future generations.

How can businesses act sustainably?

• Using renewable energy

• Establishing recycling schemes

• Promoting water efficiency

• Minimizing waste

What are the advantages of implementing environmentally friendly policies?

• Attracts more consumers

• Increases employee motivation

• Reduces waste and costs

What are the disadvantages of environmentally friendly policies for businesses?

• Can increase operational costs

• leads to higher prices for consumers

• Requires investment in new technologies or practices

How does environmental sustainability impact stakeholders? give one positive and one negative impact?

positive impacts better public image and customer loyalty, while negative impacts can involve higher prices and costs for businesses.

Why is it important for businesses to address environmental issues?

helps businesses reduce their negative impact on the planet, comply with regulations, and meet consumer demand for sustainable practices.