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Assess two possible examples of trade-offs between profit and ethics for a health and fitness club - Edexcel - A-Level Business - Question 1 - 2017 - Paper 3
Question 1
Assess two possible examples of trade-offs between profit and ethics for a health and fitness club. Extract A discusses the ethical concerns related to membership c... show full transcript
Worked Solution & Example Answer:Assess two possible examples of trade-offs between profit and ethics for a health and fitness club - Edexcel - A-Level Business - Question 1 - 2017 - Paper 3
Step 1
Trade-off example 1: Membership Contracts
Answer
One example of a trade-off between profit and ethics is the use of fixed membership contracts in health and fitness clubs. While these contracts might secure guaranteed revenue over a longer period, they can also restrict customer flexibility. Ethically, this can harm individuals who may not be able to commit to a full year due to personal circumstances. Additionally, sticking to these contracts may dissuade potential customers who prefer more flexibility, thus impacting long-term customer satisfaction and loyalty.
Step 2
Trade-off example 2: Personal Trainer Responsibilities
Answer
Another trade-off occurs in the practices of personal trainers. Trainers are often incentivized to sell certain products, which might not always align with the best interests of their clients. For instance, advising clients to purchase energy bars which are high in sugars could enhance a trainer's income but ultimately lead to health issues for clients. This conflict between profit motives and ethical responsibility towards clients demonstrates the complex balancing act that fitness clubs must navigate.