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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Why is ethics necessary in business? - Commerce

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Question

Why is ethics necessary in business?

Short Note

Solution

All business units have realized that ethics is vitally important for the existence and progress of the business as well as the society. It is very important as it improves the public image, earns public confidence, and leads to greater success. Ethics and profits go together in the long run. It enhances the quality of life, the standard of living, and business.

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Concept of Business Ethics
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Chapter 18: Business Ethics and Corporate Governance - Exercises [Page 187]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 18 Business Ethics and Corporate Governance
Exercises | Q III. 3. | Page 187
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