characteristics of business ethics?
Answers
Answer:
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Explanation:
Based on moral and social values : Business ethics is based on moral and social values. It contains moral and social principles (rules) for doing business. This includes self-control, consumer protection and welfare, service to society, fair treatment to social groups, not to exploit others, etc
An ethical business demonstrates respect for its employees by valuing opinions and treating each employee as an equal. The business shows respect for its customers by listening to feedback and assessing needs. An ethical business respects its vendors, paying on time and utilizing fair buying practices.
Answer:
Concept and Characteristics of Business
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Economic Activity. Business necessarily has to be an economic activity. ...
Production or Trading of Good or Services for Sale. ...
Sale or Exchange of Goods and Services. ...
Regularity in Dealings. ...
Profit Earning. ...
Risk Factor. ...
Uncertainty of Returns.