what is business ethics
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Answer:
Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.
BY SRIRAM
FROM ANDAMAN AND NICOBAR ISLANDS
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Business ethics refers to the principles and morals that a businessman should follow while conducting his business.
Explanation:
- Business ethics is a term used to denote a set of beliefs and principles that a businessman should follow.
- Even though business ethics are not legally enforceable, it is advisable for every businessman to abide by these ethical principles because they ensure a good image for a business.
- Business ethics is also helpful in maintaining a loyal customer base and retaining employees over a long period of time.
- Some of the most common examples of business ethics are selling good quality products, no misleading advertisements, fair returns to the stakeholders.
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