Business is a part of society. It must conduct ethical activities. In context to this, explain the meaning of business ethics.
Business ethics is the application of ethical values of business behaviour. Business ethics is relevant both to the conduct of individuals and to the conduct of the organisation as a whole. It applies to all aspects of business conduct. The purpose of business ethics is to guide the managers and employees in performing their jobs.
Ethics goes beyond the legal requirements. It takes a practical rather than an academic or philosophical approach it believes in conducting the right thing with hundred percent of accuracy.