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Business ethics means the moral principles and standards of right and wrong that guide the behaviour of a business. The word ‘ethics’ comes from the Greek word ‘ethos’, meaning character or custom. Business ethics requires the businessman to earn profit by fair means: charging fair prices, avoiding adulteration, black marketing and misleading advertisement, paying taxes honestly and treating employees fairly. Ethical business builds goodwill and public trust.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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