Reasons for which businesses should observed ethical practices

[Stardom22]

To ensure fair competition
To protect consumers
To protect the environment

 

[Augustus kparobo]

Well one most be sure that both his consumer and the environment are safe. To ensure better service to be provided

 

[cherry123]

To ensure fair competition
To protect consumers
To protect the environment

To protect their reputation too. Any bad reputation will damage the business a lot.

 

[flower]

There are different reasons at which business should be ethical in their dealings.

 

[Niyi Briggs]

A business that has good ethics has boundaries over what it can do and cannot do in the course of pursuing it's business interest.

 

[Shavkat]

Business Ethics is essential for all the people who are in business. They need to practice ethics in dealing with customers, colleagues, etc. If they cannot do it, it would be a big problem.

 

[eldavis]

Every business should observe ethical practice to ensure that the image of the business is preserved. There are some companies people do not want to associate themselves with simply cause of how they handle their work.

 

[Springtime]

Businesses which observe ethical practice can improve the company's reputation; build customer loyalty, retain talented and good employees and avoid legal issues. Investors also tend to invest in companies which behave ethically.

 

[cherry123]

It is always good to that ensure that the image of the business is preserved. This is because there are ethical things that should be carried out in a business

 

[flower]

It is extremely important to ensure you have ethical practices because that is what we prepare the business and it will be projected to greater success once you have incorporated business etiquette.

 

[Bisolami]

It is extremely important to ensure you have ethical practices because that is what we prepare the business and it will be projected to greater success once you have incorporated business etiquette.

It is also good for a business to have rules and regulations so that it will keep on moving forward and you will know that you have some rules to follow

 

[Niyi Briggs]

Ethics would help a business not to do immoral things just to make profit. The shady things business men do, you won't believe it.

 

[uptrendfinancialsignal]

Businesses must observe ethics because it is what is most important.

 

[Elendu]

When businesses behave ethically, they build trust with their customers, employees, and other stakeholders. This can help to establish long-term relationships and foster a culture of transparency and accountability because Businesses that observe ethical practices are likely to be viewed more favorably by the public, which can lead to a positive reputation and increased customer loyalty.

 

[Reedex]

It is very compulsory for businesses to observe ethical practices and it is one of the ways to make reasonable income.