Costs of fulfilling Social Responsibilities/Ethical Behavior

FueledByAisling

This question comes up a lot and I was just wondering, are you able to write about the effects on the costs and revenue? Or should you just answer on the costs itself?

I have always written 50/50 on effect on costs and revenue as a balance and have been told that it is right by my teacher, I just don't particularly trust this teacher though.

aimzLc2

FueledByAisling wrote: »

This question comes up a lot and I was just wondering, are you able to write about the effects on the costs and revenue? Or should you just answer on the costs itself?

I have always written 50/50 on effect on costs and revenue as a balance and have been told that it is right by my teacher, I just don't particularly trust this teacher though.

Hi i asked my teacher this and she said there are enough costs without revenue so just stick with costs to be safe! i looked up the marking scheme for this question in 2007 and it only mentions costs
effect on firm’s costs (outline):
Increased costs due to:
•

Higher wages and better working conditions for employees
•

Buying raw materials at fair market prices
•
Compliance with legislative requirements.
Reduced costs due to:
•

Positive publicity, no protests
•

Use of clean technologies and systems

FueledByAisling

aimzLc2 wrote: »

Hi i asked my teacher this and she said there are enough costs without revenue so just stick with costs to be safe! i looked up the marking scheme for this question in 2007 and it only mentions costs
effect on firm’s costs (outline):
Increased costs due to:
•

Higher wages and better working conditions for employees
•

Buying raw materials at fair market prices
•
Compliance with legislative requirements.
Reduced costs due to:
•

Positive publicity, no protests
•

Use of clean technologies and systems

Okay, thank you! I think it's just a habit from geography where I try to balance the arguments