September 19, 2019

What are the important ethical principles in business?

  1. Do not deceive or cheat customers by selling substandard or defective products.
  2. Do not destroy or distort competition
  3. Do not resort to black marketing or unfair profits. 
  4. Ensure sincerity in advertising, labelling and packaging. 
  5. Do not tarnish the image of competitors by unfair practices. 
  6. Make accurate business records available to all authorized persons. 
  7. Pay taxes and discharge other obligations properly. 
  8. Do not farm cartel agreements
  9. Ensure payment of fair wages to employees. 
  10. Ensure fair treatment to employees. 

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