Question

In your own words, 2-3 paragraphs long, why is business ethics unavoidable?

Answer 1

A business without value and ethics is a business at risk. Business ethics mainly comprises of corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Business ethics provided the basic guidelines for any business to follow and gain public approval.Business ethics ensure a certain level of trust between consumers and corporations, guaranteeing the public fair and equal treatment and value for their money.

So, Business ethics and policy is very crucial to gain customer trust and confidence. Any business to survive at a longer period of time they have to build certain business ethics and it's unavoidable in nature.

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