Question

How does ethical relativism applie to business practices?

Answer 1

According to the ethical relativism the morality is more relative which mainly depends up on the culture of each people. An action is said to be right or wrong according to the moral norms which is there with in a society. For example in a country x , a particular action may be morally right but the same action may be wrong in some other country.

The ethical relativism is applied to business practices and it done by using the ethics which holds by the ethical relativism.The concept of ethical relativism is used in business practices in a great way.

When ethical relativism applied to business practices it helps the business economy to improve as well as it also face some problems when it is applied to business practices. Some actions can be right or wrong and it mainly depends up on individuals, culture and moral value.

Improved business practices will help to improve the business in order to improve business and make it more competitive as well as increase the trade ,develope new markets ,skills should be improved for that well training should be done. To achieve all these things ethical relativism helps in a great way.Ethical relativism is applied to business practices by understanding the culture of the place where the business is going to introduce as well as by understanding each individuals moral values etc.