What do you mean by business ethics. Describe the broad areas of business ethics?

Business ethics refers to the moral principles and standards that guide behavior in the business world. It encompasses the values and rules that organizations, managers, and employees follow to conduct their business activities responsibly and ethically. The objective of business ethics is to ensure that companies operate in a manner that is not only legally compliant but also morally sound, promoting trust, fairness, and respect for all stakeholders involved, including employees, customers, suppliers, and society at large.

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