Ethics in Business

Definition

Business ethics (also corporate ethics ) is a form of applied ethics or professional ethics that

examines ethical principles and moral or ethical problems that arise in a business environment.

Slavery of black people abolished in the era of Lincoln was considered to be unethical by him

The historic use of child labor is considered to be a breach of ethics

Some companies regard testing of products on animals as unethical practices

Euthanasia or mercy killing is considered to be an unethical practice.

Patent, Copyright and Trademark Infringement are illegal as well as unethical

Many major corporations do not set store to ethics as money is the prime factors in these

businesses

Companies that do not adhere to ethical practices can be filed with lawsuits and can have anti-trust

and defamation campaign launched against them.

THANK YOU!