Business ethics refer to the socially determined moral principles which should govern business activities. Laws are determined by the legal bodies of a country.

An enterprise must clearly define the ethical code of conduct to be followed in the organisation. The code should include quality standards for work, laws governing production and employee's health and safety standards.

In reality, social responsibility takes form of lip service only. There is no genuine effort from a business. Many a time firms play their legal roles in the name of social responsibility.

When the quality of environment degrades due to mixture of unwanted elements in it, it is called environmental pollution.

Yes, businessmen have skills to tackle some but not all social problems.

Ethics are self-imposed while laws are imposed by an external governing authority.

Pollution is change in the physical, chemical and biological characteristics, air, land and water.

Awareness amongst people, overall environment of the area where business is located.

(i) It violates the goal of profit maximization.
(ii) Its burden falls on consumers.

(i) It is in long term interest of the business.
(ii) It is justified for growth and existence of business.

Supply of right quality of goods and proper precaution against adulteration.

Business ethics are principles derived from social values which guide and govern the conduct of businessmen.

Ethics refer to the entire body of moral values which a society attaches to the actions of human beings.

Corporate social responsibility is a comprehensive set of policies, practices and programmes which are integrated into business operations, supply claims, and decision making process throughout the company, wherever the company does business and includes responsibility for current actions as well as past and future actions.