Describe the social implications of business ethics facing a selected business in its different areas of activity. (P3 and M2)

2355 WordsMay 26, 201410 Pages
Describe the social implications of business ethics facing a selected business in its different areas of activity. (P3 and M2) Social implications of business ethics The social implications often refer to those businesses that have an effect on society as a whole. They can relate to a number of areas of activity. I will now talk about the areas of activity. Areas of activity Ethics in finance In financial dealing and payments there are many kinds of unethical behaviour, however there are regulations and voluntary codes that try to make sure that ethical practises are monitored. There are many businesses these days in the financial sector, which offer loans to borrower. These loans are expensive to repay, which results in even worse…show more content…
There are many examples, for instance animal testing, around the world animals are being used to help in the development of new products ranging from shampoo to new cancer drugs. There is a new British law that requires that any new drug must be tested on at least two different species of live mammal. One must be a large non- rodent. There is The Animals Act 1986 insists that no animal experiments should be conducted if there is a realistic alternative. Before some medical treatment was tested in humans, but now that has stopped and it is not being tested on animals. Animals were used to develop anaesthetics to prevent human pain and suffering during surgery. The main ethical question which is being asked, is the value of human life in relation to animals the same. There are also question about the extent to which animals suffer during these test. Ethics in sales and marketing There are various way a business can employ unethical means to try and generate sales. There are three main ways and they are: 1. Spamming: spamming refers to sending emails to thousands of users similar to a chain letter. It is possible to have some email systems which have the ability to block incoming mail from a specific address, but because these individuals regularly change their email address it is difficult to prevent some spam from reaching an email box. 2. Spoofing: When an email appears to have been originated from one

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