1. What constitutes ethical behaviour in business?
Maximising profit at the expense of stakeholders
Focusing solely on shareholder interests
Acting in ways considered moral, fair, and honest by stakeholders
Avoiding taxes through legal loopholes
2. How can a firm be ethical and still remain profitable?
By cutting corners on product quality
Overpricing products to maximise margins
By using high-quality materials and providing good customer service
Exploiting workers to reduce operational costs