what are the factors that influence business ethics
Answers
Answer:
Personal Code of Ethics. A man's personal code of ethics that is what one considers moral is the foremost responsible factor influencing his behavior.
Legislation. ...
Government Rules and Regulations. ...
Ethical Code of the Company. ...
Social Pressures. ...
Ethical Climate of the Industry.
Explanation:
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Answer:
The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. In business, there are many different people you have to answer to including customers, shareholders and clients. Business ethics are therefore not limited to expressed legal rules and involve elements of culture and norms in the communities which the business operates. They are a combination of formal and informal mindsets and rules that determine behaviour in business situations. So there are many factors influencing business ethics at the same time. Let’s examine them one by one.