What are the disadvantages of ignoring business ethics?

[IB D]

When you don't follow business ethics, you would end up flouting some of them. Some failures to follow have the capabilities of reducing your sales. Some have the ability to dent your reputation.

 

[cherry123]

it is bad not to follow business ethics, as failures to follow can bring a downfall or have the capabilities of reducing the profit of the business. People would flout some of them.

 

[Suba]

Violations of business ethics will not only cause financial losses but can also lead to unfair competition, environmental pollution, fraud, market monopoly, which will ultimately damage the company's reputation. The level of customer confidence decreases or switches to other products.

 

[Starmix]

Ignoring business ethics means losing customers' trust in you and the staff. Customers are sources of business revenues so they have to be well-treated according to the ethics established by the business providers.

 

[Bisolami]

When you don't follow business ethics, you would end up flouting some of them. Some failures to follow have the capabilities of reducing your sales. Some have the ability to dent your reputation.

This is why it is very good for you to follow business ethics all for you not to do the business at all because it does not make sense to run a business when you know you cannot follow the ethics

 

[Niyi Briggs]

One of the business ethics I value is a business being truthful to it's customers and employees. It creates goodwill among these set of people and make them confident dealing with you.

 

[Bisolami]

One of the business ethics I value is a business being truthful to it's customers and employees. It creates goodwill among these set of people and make them confident dealing with you.

You need to be very truthful to yourself and also to be truthful to your customers because customers dislike people who lie to them about a particular product so is it better to say the truth