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Question
What do you mean by business ethics?
Answer in Brief
Solution
- Business ethics is the set of rules and norms that govern corporate behaviour. It involves bringing ethical values to corporate behaviour in order to ensure that actions and decisions are consistent with society's overall expectations.
- These principles address a wide range of concerns, including honesty, integrity, fairness, respect, transparency and responsibility.
- Ethics in business are essential because they build trust between businesses and their stakeholders, which include customers, employees, suppliers, investors and the general public.
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Ethics in Public Relations
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RELATED QUESTIONS
______ is defined as 'science of morality'.
With reference to Public Relations, write a short note on Role of ethics in business.
Give two reasons either for or against:
Ethics has no place in public relations.
Ethics has no role in Public Relations. Give a reason either for or against.
