Which of the following statement is correct?
A)Entrepreneurs must recognize that actions taken which conflict with society's ethical standards incur a very high price.
B)The reputation of a business can be harmed severely by the actions of a single employee.Trust,once broken,is difficult to mend.
C)Customers are not likely to do business with a firm with whom they feel treated them in an unethical fashion.
D)All of the above

Question

Quizplus · Accepted Answer

All of the statements are correct and highlight the importance of ethics in business. Entrepreneurs must consider societal ethical standards, maintain a good reputation to earn trust, and treat customers ethically to retain their business. All of these factors impact the success and sustainability of a business.

Which of the Following Statement Is Correct