11/20/13

NO ENTRANCE TICKET in notebook

1. Read your Sweatshops Argumentative Paragraph out loud to yourself.

2. Make necessary proof-reading corrections.

On desk: Typed, proof-read, double-spaced Sweatshop paragraphs

11/20/13Econ. Agenda

1. What is social responsibility? (class notes)

2. Am I a socially responsible consumer? (online research)

HW: Socially responsible consumer research

11/20/13Class notes – Social Responsibility

Industry: • a particular branch of economic activity• Example – Nike is in the athletic wear industry.• Example – General Mills is in the food industry.

Retailer: • business or person that sells goods to consumers

• Example – Dunkin’ Donuts is a retailer of coffee.

11/20/13Class notes

Parent company: company that owns a smaller company

Example: The YUM! Corporation is the parent company of KFC, Pizza Hut, and Taco Bell

11/20/13Class notes

Social Responsibility:

Companies who are socially responsible go out of their way to:1. Be environmentally friendly

2. Pay fair wages and have good working conditions

3. Support workplace diversity (hire minorities & disabled)

4. Increase product safety and quality

5. Donate to or sponsor charities

Example of Socially Responsible Company• Retailer: Ben and Jerry’s Ice Cream• Industry: Food• Products: Ice-Cream, t-shirts, etc.

– Donate 20% of profits to charities

– Prints menus and wrappers on recycled paper

– All food is grown in U.S., not from other countries

– Hires minorities & disabled

11/20/13

How does buying local help the local economy?

• When you purchase goods from non-local corporations, the profits they make & taxes they pay leave your communities

• Example: Taco Bell• Parent Corporation: Yum! Brands• Headquarters: Louisville, KY (CEO: David C. Novak)

11/20/13

How does buying local help the local economy?

• Buying from local companies keeps the profit they make and taxes they pay in your communities as trickle-down investments

• Example: New Harvest Coffee Roasters• Headquarters: 1005 Main St., Pawtucket, RI• Owners: Rik Kleinfeldt and Paula Anderson

11/20/13

How does buying local help the local economy?

• Buying from local companies is also better for the environment

• Maxwell House Coffee (roasted in San Leandro, CA) has to travel 3,088 miles to get to you.

• New Harvest Coffee (roasted in Pawtucket, RI) has to travel MAYBE 5 miles.

11/20/13

Am I a socially responsible consumer?

• Socially responsible consumers:• Are informed about the companies they buy from.

• Choose to support companies (buy products from) whose mission, values, and ethics align with their own.

Socially Responsible Consumption

• Choose 1 company that you buy products from and 1 substitute company that you could buy similar products from. (must be from same industry)

• Research these companies to give them a Social Responsibility Score (grade A – F)

Cars:Subaru vs. other

Coffee:Dunkin’ Donuts vs. Starbucks or New Harvest Roasters

Clothing:American Apparel vs. other

Jeans:Levi’s American vs. other

Shoes:Nike vs. Tom’s

Big-Box Stores:Wal-Mart vs. Target

Other?:

Cereal:General Mills vs. Cascadian Farm

Computers:Apple vs. other

Cell phones:Apple vs. other

Random gifts:Ten Thousand Villages vs. Macy’s/J.C. Penny, etc.

Fast Food:Panera Bread vs. other

Jewelry:Alex & Ani vs. other

Banks:Pawtucket Credit Union vs. other

Cars:Subaru vs. other

Coffee:Dunkin’ Donuts vs. Starbucks or New Harvest Roasters

Clothing:American Apparel vs. other

Jeans:Levi’s American vs. other

Shoes:Nike vs. Tom’s

Big-Box Stores:Wal-Mart vs. Target

Other?:

Cereal:General Mills vs. Cascadian Farm

Computers:Apple vs. other

Cell phones:Apple vs. other

Random gifts:Ten Thousand Villages vs. Macy’s/J.C. Penny, etc.

Fast Food:Panera Bread vs. other

Jewelry:Alex & Ani vs. other

Banks:Pawtucket Credit Union vs. other