Question

“As entrepreneurs climb the ladder of success, they should not forget that for success to be long lasting they will have to follow some ethical standards in their business practices.”. Give some examples related to it.

Or

Give five examples of ethical standards to be followed by an entrepreneur in their business practices for long lasting success.

Answer 1

Some examples related to the ethical standards followed by an entrepreneur are as follows: 

1. Providing quality and correct quantity of goods to consumers.
2. Keeping in mind the environmental issues during production.
3. Paying the minimum and correct wages to the workers. 
4. Not to use child labour in their production.
5. Judicious use of natural resources.