Answer to Question #255673 in Finance for Kajal

Question

You have studied Business Ethics in a structured manner in this program. Has it helped 

you with tools to better manage your decision making process as a business person? 

Explain in your own words. 

Answer 1

As a business person, the Business ethics program has helped me make good decisions in my business. First, I have reduced the risk that may lead to adverse outcomes in my business. Such hazards include selling goods on credit. Secondly, it has helped me have a good relationship with my customers, thus increasing my profits because customers prefer shopping in an ethical business. Similarly, I have developed the skills of branding and handling my business products correctly, reducing the damage that leads to losses. I have become a truthful and trustworthy business person, and my customers trust my products which helps me beat my competitors.