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What is ethical business?

Answer and explanation

Correct answer: Doing business with honesty and fair behavior

Ethical business conducts activities honestly, fairly, transparently, and responsibly toward customers, employees, owners, society, and other stakeholders. It avoids deception, false claims, and concealment of important defects. Such conduct builds long-term trust, whereas cheating, misinformation, and hiding poor quality may produce short-term gains but are unethical.

Related tags

EthicsHonestyBusinessBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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