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BP plc is a UK energy company, which has its headquarters in London - OCR - GCSE Business - Question 16 - 2022 - Paper 1
Question 16
BP plc is a UK energy company, which has its headquarters in London. BP produces oil, gas and petrol. It sells and distributes these products to customers all over t... show full transcript
Worked Solution & Example Answer:BP plc is a UK energy company, which has its headquarters in London - OCR - GCSE Business - Question 16 - 2022 - Paper 1
Step 1
Identify two possible advantages to a business of being environmentally friendly.
Answer
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Improved Reputation: Being environmentally friendly can enhance a company's reputation. This can attract more customers who are increasingly concerned about sustainability.
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Cost Reductions: Implementing environmentally friendly practices can lead to cost savings through energy efficiency and waste reduction.
Step 2
Explain one way climate change might affect business activity.
Answer
One way climate change might affect business activity is by leading to a change in consumer behavior. For example, as public concern over environmental issues grows, businesses may find that consumers increasingly prefer products that are sustainable. This shift could affect BP's sales strategies, pushing the company to invest more in renewable energy sources and environmentally friendly practices to meet market preferences.