Question

Having good ethical relations with customers will help company.

• A. By developing a strong competitive position
• B. By providing strong willingness amongst employees
• C. Both a & b
• D. None of the above

Answer 1

The correct option is C Both a & b

Ethical policies and practices enable a business enterprise to build goodwill for itself. A business organisation that adheres to a code of conduct gains a competitive advantage and builds long term value.

On the other hand, unethical practices lead to the ultimate downfall of big organisations too.

Ethical organizations create an environment that is trustworthy, making employees willing to rely on company’s policies, ability to take decisions and act on those decisions.

In such a work environment, employees can expect to be treated with respect, and will have consideration for their colleagues and superiors as well. Thus, company's policies cultivate teamwork, promote productivity and support employee-growth.