Respuesta :
A firms could create an ethical conduct to increase its profitability. Ethical corporate behavior attracts customers, employees, and communities who appreciate and support being treated ethically.
This will also create a stronger customer's loyalty that will give us an economic advantage compared to our competitors
This will also create a stronger customer's loyalty that will give us an economic advantage compared to our competitors
The statement is true. When a firm behaves in an ethical manner, it’s going to bring many benefits to the firm.
EXPLANATION
If a firm decides to apply ethical manner, it can boost the firm as well. Many businesses these days already have the consciousness to start using ethical manners. They are reducing the using of carbon footprint, using resources more efficiently, and committing to fair trade. These firms try to be a positive force within their communities by minimizing any harm when doing operations.
An ethical manner in a firm can give good benefits to the firm itself, including commercial benefits:
1. Increasing customer perception
Customers perception when seeing an ethical firm tend to be more positive than a firm that doesn’t have an ethical manner. For example, the B o d y S h o p is applying ethical trade in their firm. The result is, it became a major selling point for their firm.
2. Costs
Recycling and reducing carbon usage will also cut costs for the firm. By using fewer resources, or using resources more efficiently, the firm will slowly decrease the money that is used to usually buy resources, for other necessities.
3. Recruitment
If a firm has good ethical qualities, then it can help the firm to recruit more high-quality staff. It will also create a good and enjoyable atmosphere in the workplace.
4. Legality
If a company operate using ethical values, then it will reduce the probability of the company into running with legal difficulties.
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
Meaningful planning in business: https://brainly.com/question/7303648
Cashflow as measurement basis: https://brainly.com/question/7303648
KEYWORD: firm, ethical manners, business
Subject: Social Studies
Class: College
Subchapter: Ethical manners in business
