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business ethics are how a company scams its empoyees and consumers. While social responsiblity in society is the act of seeking maximum sales revenue. The philosphy is best seen with cash is king.

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βˆ™ 10y ago
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βˆ™ 4d ago

Business ethics and social responsibility are important because they help to build trust and credibility with customers, employees, and other stakeholders. By demonstrating ethical behavior and a commitment to social responsibility, a firm can enhance its reputation, attract top talent, and create long-term value for the business. Additionally, ethical behavior and social responsibility can help mitigate risks and prevent potential legal, financial, and reputational damage.

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Q: Why are business ethics and social responsibility important components of a firm's overall philosophy toward conducting business?
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