Critically evaluate the Ethical Practices USed in Recent Business

The advantages of ethical behaviour include:

• Higher revenues – demand from positive consumer support
• Improved brand and business awareness and recognition
• Better employee motivation and recruitment
• New sources of finance – e.g. from ethical investors

The disadvantages claimed for ethical business include:

• Higher costs – e.g. sourcing from Fairtrade suppliers rather than lowest price
• Higher overheads – e.g. training & communication of ethical policy
• A danger of building up false expectations

ethical practises used in recent business?