Answer to Question #174885 in Management for Lucy

Question

a) Business Ethics can be defined as the principles and standards that determine acceptable conduct in business organizations. The acceptability of behavior in business is determined by quite a number of actors. Kindly examine any four of them.

AN(10 Marks)

Answer 1

1)     Customers; customer service ethics are the moral principles that govern a company's conduct with its customers, potential customers, and ex-customers. They are based on a particular set of values relating to what is "right" or "wrong.

2)     Government regulators; the government has to establish and enforce ethical and moral standards to ensure that the society functions well. Decision-making is the government's chief role. Therefore, it must make ethical and moral considerations to make decisions that are in line with society's welfare.

3)     Competitors; do have national and international contractual agreements when it comes to their products and services; thus, they also have moral and ethical considerations when it comes to doing business activities and privacy rights.

4)    The Public; The public sector's values will characterize how to determine how business ethics are observed.