Question

How the business objectives are affected by ethical considerations?

Answer 1

Answer:

Ethical factors affecting business involve all processes and actions which influence managers and employee behaviour inside the company and with outside environment (customers, partners, competitors).

Answer 2

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.