"How would you define business ethics, and why are ethical standards necessary in professional selling"

Introduction

Ethics is the study of the general nature of goods and of specific moral choices; moral philosophy; and the rules of standards governing the conduct of the members of a profession. affair ethics is the application of ethical values in a condescension behavior and even its salespersons to how the company conducts its business in club to make profit (Institute of headache Ethics n.d.). It applies to any and exclusively aspects of business conduct, from boardroom strategies and how companies treat their suppliers to sales techniques and accounting practices (Institute of Business Ethics n.d.).

Discussion

High ethical standards requires both business and salespersons to conform to goodly moral principles as companies with good records on ethics and well-disposed responsibility are likely to enjoy better state-supported image than less ethical competitors. However, due to some spare aspects, ethics must be considered before it is applied to the business. In order to make the organization survive, businesses must earn loot. If profits are taken in through delinquency, then the liveness of the organization may be shortened. Ferrell, Fraedrich and Ferrell (2005, p. 6) stated that, firms like Enron, Kmart, Arthur Andersen and sunbeam have made headlines due to wrongdoing and scandal at long last went bankrupt or failed because of the legal and financial repercussions of their misconduct.

Also, business must balance their desires for profits against the needs and desires of society as maintaining this balance often requires negotiation or tradeoffs. To deal with these unique aspects of the business world, society has developed rules which is both legal and understand to guide businesses in their efforts to earn profits in shipway that do not harm individuals or society as a whole (Ferrell, Fraedrich and Ferrell 2005, p. 6).

Ethical standards are necessary in master selling and it contributes to quite a...

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