ethical practices of recent business ?
changing dimensions of business in the global environment?
please answer these questions.
Dear Student,
Ethical practices of recent business are as follows:
* Investors: Ensuring safety of their money and timely payment of interest.
* Employees: Provision of fair opportunities in promotions and training, good working conditions and timely payment of salaries.
* Customer: Complete information of the service and product should be made available. Personal information of the customers should not be used for personal gain.
* Competition: Unscrupulous tactics and methods should be avoided while handling competitors.
* Government: Rules and regulations regarding taxes, duties, restrictive and monopolistic trade practices and unlawful activities like corruption and bribing should be adhered to.
* Environment: Polluting industries should ensure compliance with the government norms regarding air, water and noise pollution.
The changing dimensions of business in global environment are:
- Growth of opportunities due to improvement in transportation and communication
- trade is now more practical