why is business ethics important to an entrepreneur
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Business ethics help ensure a good reputation for your company. ... When you have a reputation for consistently being ethical in how you source and build products, and treat employees, customers and the community, more people will want to do business with you. Even social media ethics is important for your reputation.
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Business ethics are important because
- It formulates the firm’s image and builds the brand.
- It influences the buying decision of the customers.
- Build confidence within employees.
- Builds advantage on the competitive market.
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