Business ethics refer to the socially determined moral principles which should govern business activities.
A few examples of business ethics are
- charging fair prices from customers
- providing quality products
- using fair weights for measurement of commodities
- giving fair treatment to workers & earning only reasonable profits.
Ethical business behaviour improves public image, earns people’s confidence and trust, and leads to greater success. Selling damaged and decayed fish is unethical.
It will affect the reputation of the business and finally it leads to business loss. He must not goods of low quality for personal gain. No business can make progress without adopting ethical values.
