What is business ethics in business studies
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Business ethics is a branch of study that focuses on how ethical principles and moral values can be applied in a business context. It involves examining the behavior and decisions made by businesses and the individuals within those organizations, and evaluating their moral implications. Business ethics seeks to promote integrity and fairness in business practices, and to establish guidelines for responsible and sustainable behavior that considers the impact on various stakeholders, such as employees, customers, suppliers, and the broader society. It involves studying ethical theories, such as utilitarianism, deontology, and virtue ethics, and applying them to real-world business scenarios to make informed and morally sound decisions.