Home > Business > Advertising & Marketing > Advertising
Results so far:
| Ethics | 74% | 731 votes | Total: 992 votes | |
| Profits | 26% | 261 votes |
Created on: August 05, 2008 Last Updated: August 06, 2008
Business ethics lead to profits. They improve the corporate image that equally nurtures their profits which pivot on good consumer relations. Products and services that are presented to the mass audience or consumers inter-depend with ethical business activities. Consumers pursue goods and services of specific companies due to the embed of their conscience with considerate factors one drawn from the corporate image.
Honesty in business gives a desirable impact when enhancing consumer relations that ultimately prove their worth on regular basis or in the future. The entrust of a consumer brings forth effectiveness in business activities. When a business is honest to its consumers they equally trust its products and services. This draws and maintains the consumers market which result to the growth of business entities. Good consumers relations constitute the empowerment of both the consumer and business interest. Its a two-way relationship that nurtures both parties facilitating successive transactions.
Its reasonable to have pricing rates that reflect the value of products or services. Ideal the consumer might pursue the transaction without the appropriate price rate. Within a period of time the consumer will encounter another point of purchase. On en quiring the price of the relevant product or service information, the consumer is bound to realize that the previous rate of sale was inappropriate. This will withdraw the consumer from acquiring commodities or services from the relevant point of transaction. Word of mouth in marketing is powerful and consumers possess a desirable empowerment in persuading other consumers to pursuit products and services. On the account of the inappropriate transaction they might spread the word to prospective consumers who will withhold from the specific point of business. Bringing forth the significance of business ethics that if not streamlined might impact on future profits.
Corporate image is ideally empowered by business ethics. With adequate business ethics encompassing the structures of a business. It will forth internal and external source of sales and profits. Permanent consumers might withdraw from a corporate that has substantially poor business ethics. It taints its image within and relatively in the business market decreasing profits at undesirable rates. Rejuvenation of this corporate depends on enhanced and improved business ethics that wouldn't have been required to far-fetch their own consumers or prospective consumers.
Competition in the business market is always intense it has significant effects on any business that's after the mass consumer market. But fair play between business entities has its background in securing good relations within the market. In the unpredictable economic times and trends business need mergers, association and aid within the relevant expertise. It embraces their business or consumers with utmost satisfaction in provision of products and services. Moreover, merged businesses present the most formidable entities in the competitive market. Its evident that it acts as an embed of making profits in consumer sales.
Unfortunately, agreements wouldn't prevail if the playing field had an impact on the en quired and required business. The aim and goal might be curtailed by the previous unfairness in competition. Emancipating to non-progressive relations that might have propelled profits to greater heights. Substantially, interests of both parties are hindered.
Business ethics outweigh profits they serve a purpose that strengthens the structures of business.
Learn more about this author, Alexander Mutua.
Click here to send this author comments or questions.
Below are the top articles rated and ranked by Helium members on:
Are business ethics or profits more important?
Ethics
Profits
View all articles on: Are business ethics or profits more important?
Featured Partner
Marching Mountains organizes at the grassroots level while creating and leveraging Internet technology to empower our networks of involved people. Marching Mountains seeks grants and corporate sponsorship in addition to fundraising to pr...more