Home
Class 11
BUSINESS STUDIES
What do you mean by the principle derive...

What do you mean by the principle derived from social values which guide and govern the conduct of businessmen ?

Text Solution

Verified by Experts

The principles derived from the social values and which govern the code of conduct of the businessmen are known as Business Ethics.
The Business Ethics depends on various factors which are explained below:
1. Top management commitment
2. Publication of a code
3. Establishment of compliance mechanism
4. Involving employees at all levels
5 Measuring results
Promotional Banner

Topper's Solved these Questions

  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Guidelines To Ncert Questions|10 Videos
  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Short Answer Questions|5 Videos
  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Very Short Answer Question|16 Videos
  • SMALL BUSINESS AND ENTERPRISES

    SUBHASH DEY|Exercise Long Answer Questions|11 Videos

Similar Questions

Explore conceptually related problems

What do you mean by shearing?

What do you mean by unit?

What do you mean by data?

What do you mean by Weathering?

What do you mean by MTP?