Answer:
Businesses are required to follow laws and regulations but they choose to follow ethical standards in the code of ethics. An organization or enterprising entity that can be engaged in commercial, industry, or professional activities is said to be a Business. Businesses are required to follow laws and regulations but they choose to follow the ethical standards in the code of ethics. Business is an economic activity, that can be developed for profit and is concerned with good production, distribution and exchange of goods and services to satisfy the unlimited wants of human beings. The business has the ethics and contribution in accordance to:
- The commitment of the employee.
- The loyalty of the investor and also the customer's confidence.
- Performance, Revenues, reputations, satisfaction, etc.