Question

Topic: Business Ethics
.
1. Introduction (100 words)
2. Importance of Business Ethics (150 words)
3. Importance of Business Ethics (150 words)
4. Example of business ethics (100 words)
5. Conclusion (100 words)
.
Note: please do not copy from internet plagiarism is strictly prohibited

Answer 1

Topic: Business Ethics

1. Introduction (100 words)

Business ethics is the combination of two-word Business and Ethics, in this Business means economic activity and Ethics means the norms and rules, combine the word we understand that the busienss that follow Norms and rule. Business ethics are a set of cultures & beliefs That's helpful to understand and analyze the business, what is right and what is wrong. Every business follows some rules and regulations in like as honesty, discipline, rules, respect, responsibility, follow the law, etc. This rule and regulation help to understand the ethics of the businesses. The ethics of every business are different from other businesses.

2 & 3 Importance of Business Ethics (150+150 words)

There are lots of importance of Business Ethics that gives stability and strength to the business and rescue the chance of any misconduct and fraud in the business. An Ethical Business is the sign of every successful future business.

• Business Stability: Business stability means the trust of the stakeholders on business activity. The first and important thing for every business to stabilize its business and this is possible with the help of the Moral Value of the Business.
• Business Growth: Business growth means the time to time increasing the marketing share of the business due to quality goods and services with a way to provide the customer as well as the interest of the investors.
• Customer Satisfaction: Customer Satisfaction is the common goal of the business. Customer Satisfaction is mean timely resolving the customer claim and give them respect. Customer Satisfaction not only satisfies the customer but increase the opportunity to get new consumers.
• Society Support: Society Support means when the public supports the business because the organization doing their social duty with business duty, like charity. Many Business Man donating their income for the support of the country from COVID-19 Pandemics. This gives the true sign of social welfare and social support of the business.
• Busienss Reputation: Business Ethics become the brand value for the business like some business doing their work with full honesty and responsibility that's are the reputation of the business. For Example, Amazon always provides the best service to their customer like timely delivery, replacement of product and settlement of refund, this all become the reputation of the Amazon.
• Fair treatment with Employee: Employees are the base of the success of every business, An ethical business doing fair treatment with their employee which give support to employee and reduce the labor turnover and promote skilled employees.

4. Example of business ethics (100 words)

There are 2 Milkman A & B in the Market. Milkman A sells always pure milk without mixing water, but Milkman B sells milk after mixing 25% of the water. This example helps us to understand the sign of the Ethics of two Business Man. The ethical and moral duty of every business, to do fair and remove the malpractices from the business. Ethical Practices give stability and growth of the business but also help to satisfy the customer and reduce the chance of any complaints and problems.

Mr. A had selling defected products in the market, and one customer complaint about it, these practices permanently shut down the business of Mr. A Business.

5. Conclusion (100 words)
In short, we can say that business Ethics is an important pillar of Organizations, after analyzing the Business. It is the important pillar of the business-like without capital, business unable to survive. If the company is working with less capital but should not compromise with the Ethics in the Business. Then we can predict that business growth is certain and give development to the new organization. Our body can survive with an adequate level of blood likewise our business can survive with an adequate level of ethics. The ethics gives strength to the organization, increases employee motivations in safety from legal issues, etc.

All the very best