The Price of Doing Good - 12 Criteria Assignment - 1

The Price of Doing Good - 12 Criteria - Assignment ExampleSurvival of pipeline Business ethics are mandatory for the survival of argumentation. The businessmen who do non follow it lead have short-term success, but they will overleap in the long run. This is because they can cheat a consumer only once. After that, the consumer will non buy goods from that businessman. He will excessively tell others not to buy from that businessman. So this will defame his image and provoke a negative publicity. This will result in failure of the business. Therefore, if the businessmen do not follow ethical rules, he will fail in themarket. So, it is always better to follow appropriate code of conduct to survive in the market.Safeguarding consumers rights The consumer has more(prenominal) rights such as right to health and safety, right to be informed, right to choose, right to be heard, right to redress, etc. But many businessmen do not respect and protect these rights. Business ethics are must to safeguard these rights of the consumers.Protecting employees and shareholders Business ethics are required to protect the arouse of employees, shareholders, competitors, dealers, suppliers, etc. It protects them from exploitation through unfair trade practices.Develops good dealing Business ethics are important to develop good and friendly relations between business and society. This will result in a regular supply of good quality goods and services at low prices to the society. It will also result in profits for the businesses thereby resulting in growth of economy.Creates good image Business ethics create a good image for the business and businessmen. If the businessmen follow all ethical rules, then they will be fully accepted and not criticized by the society. The society will always take over those businessmen who follow this necessary code of conduct.Smooth functioning If the business follows all the business ethics, then the employees, shareholders, consumers, deal ers and suppliers will all be happy. So they will give full cooperation to the business. This will result in smooth functioning of the business. So, the business will grow, expand and diversify easily and quickly. It will have more sales and more profits.