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Social Responsibilities Of Business And Business Ethics

Question

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What is the significance of business ethics ?

Solution

Significance of Business Ethics :

(i) Business is a part of society Social values must become the guiding principles for doing business.

(ii) When an organisation fails to behave in accordance with society’s expectations, it may lose its image, market share etc.

(iii) Various laws reflects the ethics of society.

(iv) Customers are no longer at the mercy of the business firms.

(v) For every manager job is the centre of life.

Some More Questions From Social Responsibilities of Business and Business Ethics Chapter

What is Pollution ?

Why pollution exists ?

What are the approaches to pollution control ?

Explain the measures for enforcing social responsibility.

What is the need that forces businessmen to follow the concept of social responsibility ?

Explain the role of business in environmental protection.

Why should businessmen take care of environment protection ?

What is the significance of business ethics ?

What are the steps that are being taken by the Government of India for Environmental Protection ?

Explain the causes of Environmental Pollution.

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