Question

Kenneth is a bank executive and when one of his customers offers him box seats to a Chicago Cubs game he knows he cannot accept them because it is not appropriate to do so. However, in some countries of the world this gift would be perfectly acceptable. This reflects a difference in ethnocentrism. tariff restrictions. intellectual property laws. business ethics. grants-in-aid.

Answer 1

This reflects a difference in  business ethics.

• Business customs can be divided into three categories: imperatives, which must be acknowledged and accommodated; electives, which can be adapted to but are not required to; and exclusives, in which outsiders are not permitted to participate.
• In foreign marketing, flexibility of approach is essential.
• The fundamental distinction between business ethics and general ethics is that general ethics include all moral ideals, but business ethics only pertain to matters of business.

What is business ethics reflection?

• Everyone should possess a strong sense of business ethics. It reveals how the person's character is reflected.
• Being morally upright is recognizing what is right and wrong, among other things.

• Because a firm is all about providing excellent customer service, the business ethics of its employees are very significant.

Learn more about  business ethics

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