Business Law Ethics Paper

Business Law Ethics Paper - Asuwata Silver O. Asuwata BUAD...

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Asuwata Silver O. Asuwata BUAD 381-003 Professor Procter October 2, 2009 Fair Trade Business Ethics, as defined by the Encarta Encyclopedia refers to principles or standards of conduct in the business environment, sometimes called morals and, by extension, the study of such principles, sometimes called moral philosophy. What is Fair trade? Fair Trade as defined by the people who supported the concept of social justice is the belief that justice would be determined by whatever the strongest thought it should be, which is mainly intended to identify the relationships between different aspects of international trading and some of the reasons it became necessary to put some constraints on the products which are being traded. Fair trade represents a new way to do business that looks at the supply chain to address market failures and their social impacts at source, but which still acknowledges the need for profitability1.
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Business Law Ethics Paper - Asuwata Silver O. Asuwata BUAD...

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