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The Snowdonia Cheese Company only uses the finest local Welsh ingredients and takes social responsibility very seriously - Edexcel - GCSE Business - Question 6 - 2018 - Paper 1
Question 6
The Snowdonia Cheese Company only uses the finest local Welsh ingredients and takes social responsibility very seriously. Only local dairies that use ethical busines... show full transcript
Worked Solution & Example Answer:The Snowdonia Cheese Company only uses the finest local Welsh ingredients and takes social responsibility very seriously - Edexcel - GCSE Business - Question 6 - 2018 - Paper 1
Step 1
What is meant by the term social responsibility?
Answer
Social responsibility refers to the belief that a business should act ethically in order to benefit society at large. It encompasses various aspects of ethical conduct, including caring for the environment, supporting local communities, and ensuring fair labor practices. Companies that practice social responsibility aim to create a positive impact beyond just profit maximization.
Step 2
Outline one disadvantage for the Snowdonia Cheese Company of only using the finest local Welsh ingredients.
Answer
One disadvantage of exclusively using the finest local Welsh ingredients is that they may be more expensive compared to cheaper alternatives from abroad. This could lead to higher production costs, potentially impacting the company's pricing strategy and overall profitability. Additionally, reliance on local sources may limit the company's ability to scale if demand increases significantly.