What is the strongest long-term benefit of following ethics in business?
Answer and explanation
Correct answer: Customer trust and reputation become stronger
Ethical business practices such as honesty, fair dealing, and responsible treatment build confidence among customers and other stakeholders. Over time, trust can strengthen reputation, encourage repeat purchases, and support stable relationships. Ethics does not eliminate the need for law or quality checks, and wrongful profit is not a sound long-term benefit. Therefore A is correct.
Frequently asked questions
What is the correct answer to this question?
Customer trust and reputation become stronger
Why is this the correct answer?
Ethical business practices such as honesty, fair dealing, and responsible treatment build confidence among customers and other stakeholders. Over time, trust can strengthen reputation, encourage repeat purchases, and support stable relationships. Ethics does not eliminate the need for law or quality checks, and wrongful profit is not a sound long-term benefit. Therefore A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
