Answer to Question #316752 in Economics for Mini

Question

the recognition that business activities have an impact on society and the environment and that the consideration must be made of the impact in the decision making

Answer 1

Business activities have the potential to cause environmental impacts such as the depletion of natural resources, global warming, and air and water pollution. The environment can also be adversely affected by waste emissions.

Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.