Ethical objectives
Ethical businesses consider what is right for employees, customers, suppliers and communities.
CAIE IGCSE Business 0264 - Paper 2
Why it’s here: Ethical objectives, sustainable development and the effects of ethical decisions on stakeholders.
The main ideas to know for 6.4 Business and ethical issues.
Ethical businesses consider what is right for employees, customers, suppliers and communities.
An ethical decision may benefit one stakeholder group while increasing costs for another.
Businesses should meet present needs without limiting future generations.
Ethical behaviour can raise costs but improve trust, loyalty and reputation.
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