IMPORTANCE OF BUSINESS ETHICS TO BUSINESS

IMPORTANCE OF BUSINESS ETHICS TO BUSINESS

  • Helps the entrepreneur to be trustful by re-organizing that a customer is the king. This helps to maintain and attract new customers
  • Enables business people to meet obligations of their customers and business partners regardless of anything else




  • Increases business turn over engaging in fair trading activities like guaranteeing a safer place for your employees, fair pricing for your product guarantee a high business turn over
  • Increases business profits when a business that practices business ethics towards its customers, its total sales increases as well as its profits. This facilitates business growth and expansion
  • It leads to recognition from the society. Being ethical as a business person builds the image of reliability and establishes reputation with between business and its customers.
  • It leads to easy access to human resources through gaining good reputation which enables, it to get human resources to work for it
  • It leads to easy access to inputs like raw-materials. By practicing business ethics to society, the business earns a good reputation which enables it to get human resources to work for it.




  • It enables the business to win government support. Honest business attract the government supports and sympathy in terms of needs

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mwaikusa

IAM experienced geography teacher with more than three years of teaching and creating content related to geography and other subjects for both high school and college students. hope you will find the content of this website useful to your studies and daily life

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