What is the biggest benefit of maintaining ethics in a business?
Answer and explanation
Correct answer: Long-term trust and a good reputation
Business ethics includes honesty, fair dealing, truthful claims, respect for customers, and responsibility towards stakeholders. Consistent ethical behaviour builds confidence and reputation, which can support repeat purchases and stable relationships. A dishonest short-term gain may instead create complaints, legal trouble, and reputational damage. Therefore, long-term trust and a good reputation are the major benefits.
Frequently asked questions
What is the correct answer to this question?
Long-term trust and a good reputation
Why is this the correct answer?
Business ethics includes honesty, fair dealing, truthful claims, respect for customers, and responsibility towards stakeholders. Consistent ethical behaviour builds confidence and reputation, which can support repeat purchases and stable relationships. A dishonest short-term gain may instead create complaints, legal trouble, and reputational damage. Therefore, long-term trust and a good reputation are the major benefits.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Consumer Protection. Topic: Importance of consumer protection.
