Business

What is Business Ethics

What is Business Ethics

Business ethics is a system of moral principles that guide how businesses operate. These principles can be codified into laws and regulations, but they also involve private individuals deciding what is right or wrong in their business dealings. Businesses face many ethical challenges, such as how to deal with environmental pollution, employee rights and safety, …

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What is Business Environment

What is Business Environment

The business environment is the total of all external and internal factors that affect the company’s operations—studying the business environment means understanding these factors and how they interact. The business environment can be divided into two categories: macro-environmental factors and micro-environmental factors.  Macro-environmental factors, such as economic growth, inflation, interest rates, and exchange rates, affect …

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What is Business

What is Business

A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. A business owned by multiple individuals may form an incorporated company or be jointly organized as a partnership.  Countries have different laws that may ascribe additional rights to various business entities. The …

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