Setting up and running an Online business is one of the best ways to avoid problems associated with pandemics and global trade restrictions. Do you agree or disagree with this statement ? Discuss with the use of current affairs and examples of real businesses.

Setting up and running an Online business is one of the best ways to avoid problems associated with pandemics and global trade restrictions. Do you agree or disagree with this statement ? Discuss with the use of current affairs and examples of real businesses.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter1: Multinational Financial Management: An Overview

Section: Chapter Questions

Problem 7QA

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Concept explainers

Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.

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Setting up and running an Online business is one of the best ways to avoid
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