Question

Explain the importance of business ethics ?

Answer 1

Every company should have their own moral principles and guidelines. Following business ethics has more benefits than you think.Therefore, following business ethics is very important. Reputation is one of the most important assets of a company and it is also one of the most difficult tasks to rebuild once it is lost. Ethical behaviour and corporate social responsibility can bring significant benefits to a business. For example, they may: attract customers to the firm's products, thereby boosting sales and profits. make employees want to stay with the business, reduce labour turnover and therefore increase productivity.

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