11/20/13 NO ENTRANCE TICKET in notebook Read your Sweatshops Argumentative Paragraph out loud to yourself. Make necessa

1. 11/20/13 NO ENTRANCE TICKET in notebook Read your Sweatshops Argumentative Paragraph out loud to yourself. Make necessary proof-reading corrections. On desk: Typed, proof-read, double-spaced Sweatshop paragraphs

2. 11/20/13 Econ. Agenda What is social responsibility? (class notes) Am I a socially responsible consumer? (online research) HW: Socially responsible consumer research

3. 11/20/13 • Class 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.

4. 11/20/13 Class notes Parent company: company that owns a smaller company Example: The YUM! Corporation is the parent company of KFC, Pizza Hut, and Taco Bell

5. 11/20/13 • Class notes • Social Responsibility: • Companies who are socially responsible go out of their way to: • Be environmentally friendly • Pay fair wages and have good working conditions • Support workplace diversity (hire minorities & disabled) • Increase product safety and quality • Donate to or sponsor charities

6. 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

7. 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)

8. 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: RikKleinfeldt and Paula Anderson

9. 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.

10. 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.

11. 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)

12. 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

13. 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