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What does ethics mean in entrepreneurship?

Answer and explanation

Correct answer: Doing business with honesty and fair behavior

Business ethics refers to principles of honesty, fairness, responsibility, and respect that guide decisions and dealings with customers, employees, suppliers, society, and competitors. Ethical conduct includes truthful claims, fair treatment, responsible quality, and compliance with law. Misleading customers, hiding important defects, or breaking laws may harm stakeholders and trust. Therefore, option A is correct.

Related tags

EthicsHonestyTrustBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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