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Name : Dinesh Kumar Roll no:10a51e0019 Topic: Concept of business ethics.
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Concept of business ethics
Business ethics is the application of general ethical Click to standards to business behaviour.David defines principles andedit Master subtitle style business ethics as principal of conduct within organizations that guide decision-making behavior. Definition of business ethics :business ethics refers to right or wrong behavior in business decision. By buchhal.
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Concepts: the business ethics code of an organization may contain the following aspects. 1)business ethics towards employees:
Payment of right wages and employees. Provision of proper facilities. Proper personal policies relating to promotion,
performance appraisal, transfer etc.
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2)Business ethics towards customers:
Right pricing. Ethical promotion including advertising. Provision of proper information about products etc.
3)Business ethics towards competitors:
Fair competitive practices. Restraining from maligning competitors names. Restraining from instigation employees, suppliers or
dealers.
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4)Business ethics towards government:
Timely filling returns and other records. Payment of proper dues including taxes. Supporting government in social development
activities.
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5)Business ethics towards suppliers:
Proper supply contact. Timely payment of dues. Restraining from tactics on the dealers etc.
6)Business ethics towards dealers:
Timely delivery of products. Proper dealer contact. Restraining from pressure tactics on the dealers etc.
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7)Business ethics towards dealers:
Provision of proper introduction. Timely payment of dividend. Restraining from insider trading on the stock
markets etc.
8)Business ethics towards financial institutions:
Proper introduction about firms financial positions. Timely repayment of advances and interest etc.
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Thank you
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