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What is the importance of ethics for an entrepreneur?

Answer and explanation

Correct answer: It builds trust, long-term relationships, and reputation

Business ethics guides decisions about honesty, fairness, responsibility, and respect for stakeholders. Ethical conduct encourages customers, employees, suppliers, and investors to trust the enterprise, supporting lasting relationships and a good reputation. It may require responsible investment, but it is not merely an added cost and never permits cheating or rule-breaking. Hence, option A is correct.

Related tags

EthicsBusiness ValuesTrustBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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