Overview
Business ethics is essential for guiding the behavior of individuals and organizations in the business world. It encompasses a range of principles that promote fairness, integrity, and accountability. Understanding business ethics helps students and professionals navigate complex situations and make...
Key Terms
Example: Honesty and fairness are key ethical values.
Example: A business with integrity does not engage in deceptive practices.
Example: A company donating to local charities is practicing CSR.
Example: Transparent companies share their financial reports with stakeholders.
Example: Buying fair trade coffee supports ethical sourcing.
Example: Employees, customers, and investors are all stakeholders.