Duolingo Daily Topic:  Speaking Task (Explain the importance of business ethics.)

Q. Explain the importance of business ethics.

Ans. Business ethics are crucial as they help guide companies in making decisions that are not only profitable but also responsible. Ethical business helps in building trust with customers, employees and the community. When a company is operating ethically, it gains a good reputation, which leads to customer loyalty and long-term success. For example, a business that prioritises fair treatment of employees and pays them fairly is most likely to have a motivated and productive workforce. Additionally, companies that are transparent in their operations and honest in their advertising are more likely to gain customer trust. Ignoring business ethics can lead to serious consequences, such as legal issues, loss of customer trust, and even financial collapse. Therefore, following ethical practices is not only the right thing to do but also essential for sustainable business growth.

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