Asked by Ericka Harris on Jul 06, 2024
Verified
Companies need to be ethical to succeed in the long run.
Ethical
Ethical refers to behavior or decisions guided by a set of moral principles and values, often relating to what is right and wrong.
Long Run
Refers to a period of time sufficient for all factors of production and costs to become adjustable, often used in economic analysis to predict future trends.
- Comprehend the significance of ethical practices for business success.
Verified Answer
ZK
Zybrea KnightJul 08, 2024
Final Answer :
True
Explanation :
Companies that adhere to ethical practices tend to build stronger trust with customers, attract and retain employees, and avoid legal issues, all of which contribute to long-term success.
Learning Objectives
- Comprehend the significance of ethical practices for business success.
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