Business Ethics

Business ethics are values that guide a businesses’ policies,principles and practices.It allows a business distinguish what is “right” or “wrong” by it.

Business ethics affect the way a business is viewed in the market place especially by its consumers. With good ethical practices, a business is able to gain a certain required level of trust in the market place.

ethics in business

Business should not just be about making money,it is important to identify ethical practices that are essential to, and at the core of business activities and decision making.

Some of the issues covered in business ethics include

-Quality control
-Labeling practices
-Health claims
-Insider trading
-Corporate social responsibility
-Fiduciary responsibilities
-Child labour
-Copyright issues
-Employee treatment
-Environmental impact of business activities

Issues involving ethical practices are covered by the law ,however not things legal might be ethical for your business.

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