Define Business Ethics. What are the essential characteristics of business ethics?

Business ethics refers to the moral principles and values that guide the behavior and decision-making of individuals and organizations in the business context. It involves considering ethical considerations and responsibilities in business operations, interactions with stakeholders, and the impact of business activities on society as a whole. Business ethics establishes a framework for responsible and ethical conduct, promoting trust, integrity, and accountability in business practices.

Essential Characteristics of Business Ethics:

1. Integrity: Integrity is a fundamental characteristic of business ethics. It involves being honest, truthful, and transparent in all business dealings. Acting with integrity means adhering to moral principles and values, even in challenging situations, and not compromising ethical standards for personal gain or short-term benefits.

2. Respect for Stakeholders: Business ethics recognizes the importance of considering the interests and well-being of all stakeholders affected _________ ________ _______ ______ ___ ______ __________ _____ ________ _______ ______.
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