Ethical and Moral Issues in Business

A situation or problem requires an organization or a person to choose between some alternatives. These are evaluated as ethical (right) or unethical (wrong). Involvement of a difference of belief is a moral issue. A slight difference between moral issues and ethical issues is about "preference." Such issues play an important role in business dealings. This essay discusses various ethical and moral issues in business. Also difference between personal ethics and business ethics is discussed.

Ethical and Moral Issues in Business

Ethical and moral issues play an important role in the field of business. In areas such as pricing, contracts, personal selling, suppliers and advertising, several examples of business ethical dilemmas and decisions can be found. There is a clear difference between ethical issues and moral issues; they are discussed in the following paragraph.

Considering the area of "suppliers"; if unethical practices of the...
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