What is profession, professional, practices,ethical ,code of conduct and policies.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What is profession, professional, practices,ethical ,code of conduct and policies.

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A business is concerned with ethics, ethical practices, code of conduct, and policies. Without setting rules and norms, the business can not be conducted because rules and norms guide a business what is to be done and how. Rules and norms guide the business on what is right or wrong & what is acceptable or not. The ethics, rules, norms, code of conduct provide a framework of how a business should behave and conduct to achieve competitive advantages.

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