In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business.

Question

Quizplus · Accepted Answer

Business values and ethics are key factors in building a positive reputation, gaining customer loyalty, and attracting and retaining employees. Adhering to ethical principles can also help businesses avoid legal and financial consequences, thereby contributing to their success. On the other hand, violating ethical norms can damage a company's image, reputation, and relationship with stakeholders, leading to failure in the long run.

In Addition to Issues of Social Responsibility, Business Values and Ethics