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A2 Ethics
Business ethics
Key Scholars

Considers ethical relationship between businesses and consumers, businesses and employees
Not always agree on the purpose of businesses in the environment
Some see it as maximising profits for shareholders/owners ­ only profitable activities are encouraged
Milton Freidman ­ only way companies will survive

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o Cheaper/faster transport
o Deregulation ­ countries now able to own businesses in other countries
o Removal of capital exchange controls ­ move money easily
o Free trade ­ EU
o Consumers now willing to try foreign products
o Emerging markets in developing countries
Businesses are now freer to choose…


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