P1 4 Ethical Issues.pptx - BTEC Level 3 Unit 37 Business Ethics Aims and Objectives \u2022 Explain ethical issues in business Corruption \u2022 This means

P1 4 Ethical Issues.pptx - BTEC Level 3 Unit 37 Business...

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BTEC Level 3Unit 37 Business Ethics
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Aims and ObjectivesExplain ethical issues in business
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CorruptionThis means gaining influence by unfair means (think Sam Allardyce!) to gain business or personal advantageA council has lots of contracts for building but if they hand these contracts out to their mates rather than fairly then this is corruption
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Trading FairlyThis is when business is open and the competition is fairConsumers feel they have been treated fairlyThink of Dom Littlewood on Rip Off Britain exposing cheats and dodgy workmen
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Legal and regulatory complianceThis is a posh term for making companies obey the law. This protects consumersWhen you buy something there is always an element of trust and risk (will it work? Well, the guy said it would!)Giving a false description or overcharging is unethical
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Legal and regulatory complianceThere are laws to protect customers and these include:1.The Consumer Protection Act 19872.The Sale of Goods Act 19793.
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