Advantages / Benefits Of Business Ethics
- Business Ethics ensures orderly functioning of business enterprise
- It creates favourable social image for business through alertness.
- It offers guidelines to businessman in decision-making for social good and not simply for profit maximization.
- Management get support from employees as regards to future plans of the company.
- Facilitates business expansion and growth of business activities due to the support and co-operation from different business groups.
- It offers protection to consumers through use of fair business practices by businessmen.
- Rights of consumers are honored and protected. This avoids their exploitation and ensures their safety and welfare.
- Consumers do not suffer business malpractices, which are troublesome to consumers.
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