Question

what are the benefits of ethical business practices? illustrate with a real life examples​

Answer 1

Explanation:

of principles incorporate the characteristics and values that most people associate with ethical behavior.

1. HONESTY.
2. INTEGRITY.
3. PROMISE-KEEPING & TRUSTWORTHINESS.
4. LOYALTY.
5. FAIRNESS.
6. CONCERN FOR OTHERS.
7. RESPECT FOR OTHERS.
8. LAW ABIDING.

Answer 2

$\color{lime}\underline{\underline{\color{red}{\bf{What\:is\: ethical\:business\:?}}}}$

Business ethics is a form of applied ethics or professional ethics , that examines ethical principles and moral or ethical problems that can arise in a business environment . It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organisations .

$\color{lime}\underline{\underline{\color{red}{\bf{Advantages \: of \: business \: ethics :}}}}$

• Provide a competitive advantage in terms of costumers .

• Improve employee Happiness

• Attraction more investors

• Better for society .

• Limited Ability to maximize possibilities .

• Time consuming to implement the practices .

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