W1Q1 #2.docx - The cost of acting ethically in business is that a lot of times to partner with companies or supplies of product that behave in ethically

W1Q1 #2.docx - The cost of acting ethically in business is...

This preview shows page 1 out of 1 page.

The cost of acting ethically in business is that a lot of times to partner with companies or supplies of product that behave in ethically manners as well are not always cheap. These companies are not cutting corners which can cause them in return to require a higher cost for a product compared to a company that skips steps and cuts corners. The benefit of acting ethically in business is being review as trustworthy and customers understanding that you will make the decision that is right and will do the most good for all involved. By spending the extra money on products and the proper treatment of employees and the environment you will build a loyal customer base that will continue to use and recognize you by name for the decision and actions they take by acting ethically. Best example to relay the cost and benefit of acting ethically in business is Fair trade coffee. The classification of fair trade coffee allows companies to charge a higher cost for their coffee but it is for a good cause. In return for the higher price of the coffee they guarantee that the local farmers who grow
Image of page 1

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes