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Business Ethics


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Business Ethics

... BTEC NATIONAL DIPLOMA IN BUSINESS Business Ethics Ethics - ethics a major branch of philosophy is the study of values and customs of a person or group and covers the analysis and employment of concepts such as right and wrong, good and evil, and responsibility. It is divided into three primary areas: meta-ethics (the study of the concept of ethics), normative ethics (the study of how to determine ethical values), and applied ethics (the study of the use of ethical values). Business ethics is a form of the art applied ethics that examines ethical rules and principles within the commercial context, the various moral or ethical problems that can arise in a business setting, and any special duties or obligations that apply to persons who are engaged in commerce. The range and quantity of business ethical issues reflects the degree to which business is perceived to be at the odds with non-economic social values.

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