Question

mention the arguments for and against business ethics

Answer 1

Explanation:

ARGUMENTS FOR AND AGAINST BUSINESS

ETHICS

Introduction:

Throughout the world, changes are taking place at all levels. The new ways of living,working and relating have been explored and developed. The growth of awareness,development of technology, growth of new dimensions and changes in the attitude are themajor reasons for the rapid growth of these changes. This situation has also emerged asan opportunity for the growth of ethical principles and practices.

Arguments for business ethics:

1) Holistic approach.

2) Leadership.

3) Employee commitment.

4) Investor loyalty

.5) Customer satisfaction.

6) Business is a co-operative effort.

7) Higher profits.

8) Changing mindset of shareholders.

Arguments against business ethics:

1) No need for ethics separately.

2) Demand and supply forces only operate.

3) Compliance of law.

4) Conflicts of interest

.5) Profit is the object of business.

6) Poor moral standards of society.