Question

Explain ethical responsibility of business.

Answer 1

Ethical responsibilities:

• After a company has fulfilled the two big responsibilities i.e. economic and legal, a company can think of ethical responsibilities.
• Ethical responsibilities are responsibilities that a company needs to fulfill because its owners believes it’s the right thing to do and not that they have to do it forcefully. Ethical responsibilities could include being environment friendly, paying fair wages, participating in government programmes, etc.