- Joined
- Sep 25, 2023
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- 1,993
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- Philippines
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Business ethics is defined as the standard for morally right and wrong conduct in business. How can one say that a business is morally right? One can attest to this through the manner the business owner executes his business actions like the prices that are on the standard level and the services that are appreciative and not destructive to customers like fake products. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. The behavior shown by the business area must be acceptable to society, especially the customers. Business ethics explains the policies and procedures regarding topics such as fraud, bribery, discrimination, and corporate governance. They must be fully implemented. Never do business without knowing the business ethics.