Environmental and ethical issues

Understand how environmental and ethical issues can present both opportunities and challenges for businesses. This includes examining the effects of business activities on the environment, such as global warming, and the idea of externalities, which refers to the potential external costs and benefits associated with business decisions. Explore the concept of sustainable development and how businesses can contribute to it, as well as the reasons businesses may react to environmental pressures and opportunities, including the influence of pressure groups. Additionally, consider the impact of legal regulations on business activities related to the environment, such as pollution controls, and the ethical dilemmas businesses may encounter, such as the tension between profit motives and ethical considerations, including issues like child labor and fair pricing for suppliers.