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Why is business ethics important?

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Business ethics is not just about maintaining moral, social and environmental principles or just making short-term profits. At the managerial level, business ethics is also not only for the best decision-making tool but also for wise decision-making that considers the negative impacts on all sectors. For this, companies/businesses must apply business ethics principles such as honesty, transparency, equality and fairness, social responsibility, etc.
 
Business ethics is very important to help the business maintain a good reputation and stay on the good side of the law.
 
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