Ethical Flashcards by Catrin Morris

Q

what is being unethical in a business?

A

when a business knows what they’re doing is wrong

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Q

how can business be unethical? x2

A

can give false information
can sell faulty products

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Q

what are the benefits of being ethical?

A

improve public relations
positive impact on image
customers are attracted to an ethical approach

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Q

what are drawbacks of being ethical?

A

higher costs
revenues are likely to fall (may lose sales to competitors)

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