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Jaleel, owner of a fish stall, usually sells damaged and decayed fish by pouring chemicals, ice, along with sea sand for creating an impression in the minds of consumers that it is newly caught. Is it justifiable from the point of view of business ethics? How will it affect the reputation of the business? |
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Answer» Business ethics refer to the socially determined moral principles which should govern business activities. A few examples of business ethics are
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. |
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