Businesses are expected to be ethical in their relationships with:Stockholders. CompetitorsStockholders, Customers, and CompetitorsCustomers
Question
Businesses are expected to be ethical in their relationships with:
- Stockholders
- Competitors
- Stockholders, Customers, and Competitors
- Customers
Solution
Businesses are expected to be ethical in their relationships with "Stockholders, Customers, and Competitors."
Here's the step-by-step reasoning:
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Ethical business practices involve treating all stakeholders with fairness, honesty, and respect. Stakeholders include anyone who is affected by the business's actions, such as stockholders, customers, and competitors.
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Stockholders are the owners of the company. They have invested their money in the business and expect it to operate ethically and responsibly.
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Customers are the lifeblood of any business. They expect to be treated fairly, to receive good value for their money, and not to be deceived or harmed by the business's products or practices.
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Competitors are other businesses in the same industry. While they are rivals, they also have a right to expect fair competition, without dishonest or harmful practices.
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Therefore, businesses are expected to be ethical in their relationships with all of these groups. They should treat their stockholders, customers, and competitors with fairness, honesty, and respect.
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