Back to Topic 6.8 — Circular business models

6.8.2BM25 flashcards

Choosing a circular business model

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6.8.2

Question

Name four practical sustainability strategies

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All 25 Flashcards — Choosing a circular business model

Card 1concept

Question

Name four practical sustainability strategies

Answer

Energy efficiency, waste reduction, digital delivery, ethical sourcing, sustainable packaging, carbon offsetting, employee engagement.

💡 Hint

Energy, waste, digital, ethical

Card 2definition

Question

What is sustainability in business?

Answer

Meeting today's needs without damaging the ability of future generations to meet theirs — long-term responsibility.

💡 Hint

Today without harming tomorrow

Card 3concept

Question

Name four business benefits of sustainability

Answer

Attracts customers, reduces costs (long-term), meets regulations, attracts talent, improves investor appeal, builds reputation.

💡 Hint

Customers, costs, regulations, talent

Card 4definition

Question

What is CSR?

Answer

Corporate Social Responsibility — a business takes responsibility for its impact on society and the environment.

💡 Hint

Responsible for social/environmental impact

Card 5concept

Question

Sustainability = meeting today's needs without harming ___

Answer

Future generations.

💡 Hint

Future generations

Card 6example

Question

University sustainability example?

Answer

Digital learning materials, solar panels, reduced single-use plastics, local ethical food suppliers.

💡 Hint

Digital + solar + plastics + ethical

Card 7concept

Question

Strategies: energy efficiency, waste reduction, digital delivery, ___

Answer

Ethical sourcing, green packaging, carbon offsetting.

💡 Hint

Ethical + green + carbon

Card 8concept

Question

CSR covers: environmental responsibility, ethical labour, ___, ___

Answer

Community involvement, fair trading.

💡 Hint

Community + fair trading

Card 9concept

Question

Sustainability covers three areas:

Answer

Environmental, social and economic responsibility — all for the long term.

💡 Hint

Environmental + social + economic

Card 10definition

Question

ESG investing is growing — ESG stands for ___

Answer

Environmental, Social, Governance — investors increasingly value responsible businesses.

💡 Hint

Environmental + Social + Governance

Card 11concept

Question

Argument against CSR: increases ___ and reduces ___

Answer

Costs; short-term profits.

💡 Hint

Costs + profits

Card 12concept

Question

Sustainability means operating in a way that is ___

Answer

Environmentally, socially and economically responsible — not just green.

💡 Hint

Responsible across all three areas

Card 13definition

Question

Ethical sourcing means ___

Answer

Buying from fair trade or environmentally responsible suppliers.

💡 Hint

Fair trade suppliers

Card 14concept

Question

Sustainability isn't just 'nice to have' — it makes ___

Answer

Good business sense — short-term costs often pay for themselves long-term.

💡 Hint

Business sense

Card 15concept

Question

CSR = taking responsibility for social and ___ impact

Answer

Environmental impact — closely linked to sustainability.

💡 Hint

Environmental

Card 16definition

Question

Carbon offsetting means ___

Answer

Investing in projects that compensate for emissions — e.g. tree planting.

💡 Hint

Compensate emissions

Card 17concept

Question

Business case: saves costs, attracts customers, meets ___, builds ___

Answer

Regulations; reputation.

💡 Hint

Regulations + reputation

Card 18concept

Question

Energy efficiency and waste reduction save ___ long-term

Answer

Money — lower bills and material costs over time.

💡 Hint

Money

Card 19concept

Question

Argument for CSR: boosts ___, ___ and long-term profitability

Answer

Reputation; customer loyalty.

💡 Hint

Reputation + loyalty

Card 20concept

Question

The classic sustainability definition mentions ___

Answer

Future generations — the key concept is intergenerational fairness.

💡 Hint

Future generations

Card 21concept

Question

Employee engagement in sustainability means ___

Answer

Training staff and involving them in sustainability goals — making it part of the culture.

💡 Hint

Train + involve staff

Card 22concept

Question

Employees prefer to work for ___ companies

Answer

Responsible — sustainability helps attract and retain talent.

💡 Hint

Responsible

Card 23concept

Question

Quick: Exam questions often ask you to evaluate sustainability vs ___

Answer

Short-term profits — argue both sides.

💡 Hint

Short-term profits

Card 24concept

Question

For CSR exam questions: argue both ___ costs AND ___ benefits

Answer

Financial; reputational/ethical — balanced evaluation is key.

💡 Hint

Costs vs reputation/ethics

Card 25concept

Question

Sustainability in business isn't just about the environment — also ___

Answer

Social responsibility (workers, communities) and economic viability (staying profitable long-term).

💡 Hint

Social + economic

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Circular business models

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