Business Ethics and Corporate Responsibility

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What are ethics in business?

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Rules that help us understand what is right and wrong in business, guiding how people should behave honestly and fairly.

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What does corporate responsibility mean?

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A company's duty to do good things for society, including taking care of its workers and the environment.

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What is transparency in a business context?

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Being clear and open about what a company does, which helps build trust with customers.

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Define sustainability in business.

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Making sure that a company's actions do not harm the environment and help protect the planet for the future.

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What does loyalty mean in business?

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Customers stay committed to a brand or company because they trust it and believe in its values.

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How is reputation defined in a business?

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How people view a company based on its past actions and behavior, which can affect its success.

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What is culture in a business?

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The shared values and practices that influence how employees behave and work together.

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What does fair treatment mean in the workplace?

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All workers are treated equally and with respect, regardless of their background or position.

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What is the meaning of honesty in business?

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Being truthful and straightforward in all business dealings, which helps build trust with customers and partners.

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What does impact refer to in a business context?

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The effect that a company's actions have on society, the environment, and its stakeholders.