Which is the best example of ethical business?
Answer and explanation
Correct answer: Selling a proper product with correct information
Ethical business conduct involves honesty, fairness, transparency, and respect for the rights and interests of customers and other stakeholders. Selling a suitable product while giving accurate information allows the customer to make an informed choice. Lying, concealing defects, or cheating may produce a short-term sale but violates ethical standards and damages trust. Therefore, A is the ethical example.
Frequently asked questions
What is the correct answer to this question?
Selling a proper product with correct information
Why is this the correct answer?
Ethical business conduct involves honesty, fairness, transparency, and respect for the rights and interests of customers and other stakeholders. Selling a suitable product while giving accurate information allows the customer to make an informed choice. Lying, concealing defects, or cheating may produce a short-term sale but violates ethical standards and damages trust. Therefore, A is the ethical example.
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.
