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SingaporeBusiness StudiesQuick questions
External Influences on Business
Quick questions on Environmental and ethical issues explained: O-Level Business Studies
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is corporate social responsibility (CSR)?Show answer
Corporate social responsibility (CSR) is the idea that a business should act in the interests of society and the environment, not only to maximise profit. A socially responsible firm considers the effect of its decisions on all stakeholders - workers, customers, the community and the planet - and tries to be a good "corporate citizen".
What is q1?Show answer
Define the term sustainability. [2 marks]
What is q2?Show answer
State two benefits to a business of behaving in an environmentally responsible way. [2 marks]
What is q3?Show answer
Explain one cost to a business of behaving more ethically. [4 marks]
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