6.2.1 Environmental concerns and ethical issues as both opportunities and constraints for businesses:
• How business activity can impact on the environment, e.g. global warming
• The concept of externalities: possible external costs and external benefits of business decisions
• Sustainable development; how business activity can contribute to this
• How and why business might respond to environmental pressures and opportunities, e.g. pressure groups
• The role of legal controls over business activity affecting the environment, e.g. pollution controls
• Ethical issues a business might face: conflicts between profits and ethics
• How business might react and respond to ethical issues, e.g. child labour
“including questions and suggested answers”
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