Answer to Question #178513 in Management for Ismail

Question

Discuss the importance of ethics in business and the possible consequences of non-ethical behaviour as being suggested in the case study when it comes to the Covid-19 crisis. (Please make assumptions where required)

Answer 1

It helps to boost the confidence of the customers.Treating customers in a good manner especially in this time of Covid-19 it will help to maintain their loyalty with your products and services. Unethiclal behaviour can lead to financial losses and fines especially if the government finds that your business doesnot follow the laid down rules pertaining covid-19. Also it can lead to will ruin the good relationship with your customers that will make you business incur a lot of losses.