No doubt business is done mainly to earn profits but some business ethics should also be kept in mind.
what do you think is today’s businessman ethical in his practices?
Undoubtedly, people do business to earn profits by selling their products to customers. in the past time, people did clean and fair deals but with the passage of time, they have started following unethical methods in their trading. there are several reasons behind this trend. this will be discussed in the upcoming paragraphs. No doubt business is done mainly to earn profits but some business ethics
In this modern era, merchants follow unethical ways in trading. the first and foremost thing is that they indulge in adulteration. for instance, they do not make pure and genuine items and after that, they sell their products at high prices. in this way, they befool the innocent people. moreover, they do provide the necessary services to the people after selling their items and people face botheration. for instance, they give warranty of an item but if some problem occurs in that item people do not get any proper service. furthermore, they do not give wages to employees on a proper time and they have to face certain problems like shortage of money. employees are not provided with safety equipment and as a result, an incident could happen with them anytime. No doubt business is done mainly to earn profits but some business ethics
There are several reasons associated with this trend. firstly, the government set improper tax slabs for the merchants which they are unable to pay and this leads to a lack of moral values. secondly, this is the era of competition and everyone want to go ahead of each other without bothering about the ethics. this makes them materialistic and they want to go to any extent for their benefits. they only think of their own profit and in this way, they deny the welfare of their customers. No doubt business is done mainly to earn profits but some business ethics
To encapsulate, there is no doubt that everyone wants to earn an exorbitant amount of money but it should not be done by compromising with people’s happiness. their first priority should be to satisfy their needs with dedication. No doubt business is done mainly to earn profits but some business ethics