Advantages of ethical business ventures

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Cards (13)

  • Businesses can build a good reputation and attract more investors, thus increasing profitability
  • Customer loyalty is created and nurtured, and a positive business image will be created.
  • Staff morale can be build and maintained by paying employees fairly
  • Staff who are hard-working and productive will be loyal and decicated to the business
  • Positive relations will develop between co-workers, which will result in improved productivity
  • Businesses that become compliant with environmental regulations will avoid unnecessary fees or sanctions