Question

Role of business ethics in international business

Answer 1

Ethics in international business. 3. Importance of ethics in international business  First of all, Ethical behavior combined with skills and professionalism is able to ensure sustainable development, rather than a short- term profit, which brings disastrous results after a certain period of time.

Answer 2

Answer:

International Business - When two or more countries are indulging in trade process and business transactions for the growth and expansion of the existing frim.

Here, the Business environment becomes more dynamic with the change in trends and cultural perspectives.

Therefore, ethics are the key role for business owners to maintain the establishment of the Organization fundamental for the smooth working with understanding and creating about the market and customer.

Role of ethics in International Business are -

• Help to maintain the business motto by keeping it the concern of working around it.

• Ethics helps to create a balance Working between the mission and market need.

• Flexible working conditions as per the need of the market for the goods and services.

• Provide a fair opportunity for the employees in the manner of money and facilities.