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what do you mean by business ethics. state the major components of business ethics??


vinodnaidu439 21st Oct, 2021
Answer (1)
Sree Student Expert 21st Oct, 2021

Hello Vinod,

Business Ethics: It is a form of applied professional ethics or ethics, which examines the ethical principles & ethical  problems or moral problems which may arise in business environment. They are based on social values and moral values.

Major Components of Business Ethics:

  • Integrity
  • Persistence
  • Respect
  • Customer Focus
  • Honor
  • Results Oriented
  • Passion
  • Risk Taking

I hope this information was useful to you.

Best of Luck!!

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