Business Ethics
The application of moral principles to business decisions and behaviour, addressing what is right and wrong in commercia...
Real World
Nike faced significant backlash in the 1990s when investigations revealed child labour in its Asian supply chain — despite being legal in those countries, the reputational damage cost the brand millions in lost sales and forced a complete overhaul of its supplier code of conduct.
Exam Focus
When 'evaluate' asks about ethics, always weigh reputational/long-term costs against short-term profit gains with a justified conclusion.
How well did you know this?