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Question
What do you mean by the concept of business ethics?
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Solution
Business exists to supply goods and services to the people from a social point of view but from an individual point of view, the primary objective of any business unit is to make a profit. The individual objective should not be in conflict with the societal objective. These two objectives normally contradict each other, as one business enterprise may be good in an individual objective and bad at social objective and vice versa.
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