Question

4. There is a direct link between good ethics, market share and profitability. Explain how businesses that demonstrate a

high level of ethics experience an increase in their profits as a result. (2 marks)​

Answer 1

Yes

Step-by-step explanation:

Managers' ethical behaviour benefits all of the organization's directors, which boosts a company's goodwill and, as a result, profits. Customers and clients are more likely to trust a company that demonstrates its commitment to a good

The principles that form an ethical workplace culture have an impact on the customer connections that a firm maintains. Customers should be treated with respect and dignity, and staff should be truthful and equitable with them, according to an established brand. long-term effect.