Technology and Home Economics, 28.10.2019 19:29
Can you explain this? i don't understand it that much: the rules about how entrepreneurs ought to behave are referred to as business ethics. the ethical behavior required of entrepreneurs is determined by the following: 1. the public; 2. interest groups like the society of prevention of cruelty to animals; 3. business organizations; and 4. the individual's personal morals and values. adherence to ethical standards contributes to the smooth flow of business ex- changes. it establishes trust between buyers and sellers and between lenders and borrowers. figure 5 on the next page illustrates on the effect of adherence to ethical standards.