Ethical business practices refer to the principles and standards that guide behavior in the world of commerce, ensuring that businesses operate in a manner that is morally right and socially responsible. These practices emphasize fairness, transparency, and respect for stakeholders, including employees, customers, suppliers, and the community. They help organizations build trust and sustain positive relationships, ultimately contributing to long-term success and a positive corporate reputation.
congrats on reading the definition of ethical business practices. now let's actually learn it.