A company should lower its ethical standards to compete effectively in countries with lower standards.

Question

Quizplus · Accepted Answer

A company should never compromise its ethical standards to compete effectively in any country. Ethical standards are a fundamental part of a company's reputation and brand image. Furthermore, engaging in unethical conduct can have serious legal and reputational consequences. Instead, companies should strive to uphold their ethical principles while operating in different countries and cultures. This can involve adapting their approach to suit local customs and regulations while still maintaining their basic values and principles.

A Company Should Lower Its Ethical Standards to Compete Effectively