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What does an ethical entrepreneur consider even while earning profit?

Answer and explanation

Correct answer: Honest and fair conduct

An ethical entrepreneur values honesty, fairness, customer welfare, and compliance with laws along with profit. Therefore, honest and fair conduct is correct. Misleading customers or hiding product defects damages trust, while breaking legal rules is unethical and may be unlawful. Exam tip: remember ethical entrepreneurship as profit combined with honesty and social responsibility.

Related tags

Home ScienceEntrepreneurshipBusiness EthicsEthical EntrepreneurCustomer TrustClass 12Entrepreneurship: Definition And CharacteristicsEntrepreneurship Definition And Characteristics

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