Ethical Stance
The moral position or set of values that guides a business's decision-making, particularly regarding issues such as the ...
Real World
Patagonia's ethical stance — including donating 1% of sales to environmental causes and encouraging customers to repair rather than replace products — has built fierce brand loyalty whilst accepting lower short-term revenue.
Exam Focus
In 'to what extent' questions, use the trade-off between ethical costs and long-run reputational/financial benefits to build a balanced argument.
How well did you know this?