NCERT · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsBusiness ethics deals primarily with:
Step-by-Step Solution
Business ethics is primarily concerned with what is right and wrong in business conduct. It provides moral guidelines for decision making and behavior in business operations.
Detailed Options Breakdown
Option : Pricing policies only
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 1: Moral standards and values in business (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Legal compliance alone
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 3: Profit earning capacity
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
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