• Globalisation is how the countries of the world exchange products, services and ideas. • A global business is a business that operates in many countries. • Ethics is acting based on whether something is right or wrong. • Business ethics refers to the moral choices made by a business. • Corporate social responsibility is how a business manages its impact on society and the environment.
• Fairtrade is a social movement that helps farmers in developing countries get a fair price for the crops they grow and makes sure that workers are treated with respect.
• Sustainable development meets the needs of the present without stopping future generations meeting their own needs.
• Carbon footprint is a measure of how the activities of an individual, organisation or country affect the environment.
Taking stock A
Go to page 75 of your Activities and Accounts Book to check what you have learned in chapter 10.