CBSE · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsThe code of conduct in business ethics is formulated by:
Step-by-Step Solution
Enterprises establish codes of conduct outlining ethical standards, values, and expected behaviors for their employees, management, and directors to follow in day-to-day operations.
Detailed Options Breakdown
Option : Consumers themselves
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 1: The business enterprise (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Competitors in the market
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 3: Foreign investors
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
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