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The ice-cream manufacturer, Ben & Jerry’s, is considered to be an ethical business - Leaving Cert Business - Question 6 - 2014
Question 6
The ice-cream manufacturer, Ben & Jerry’s, is considered to be an ethical business. Explain the term 'ethical business'.
Worked Solution & Example Answer:The ice-cream manufacturer, Ben & Jerry’s, is considered to be an ethical business - Leaving Cert Business - Question 6 - 2014
Step 1
Explain the term 'ethical business'.
Answer
An ethical business is a type of enterprise that operates in a manner that is fair, just, and honest across all its interactions with stakeholders. This encompasses a commitment to transparency and integrity in business practices, aiming to foster trust and positive relationships with employees, customers, the local community, and government entities.
Ethical businesses often establish a code of ethics, outlining the moral principles that guide their operations and decision-making. Such principles may include fair labor practices, responsible sourcing of materials, commitment to environmental sustainability, and active contributions to local communities.
In the case of Ben & Jerry’s, their efforts to support social justice, promote environmental sustainability, and engage in fair trade practices exemplify the characteristics of an ethical business, positively impacting both the company and society at large.