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Showing posts from February, 2020
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What is unethical business practices?? Unethical  behavior in  business  refers to actions that fail to rise to acceptable standards of  business practices . As you can see,  unethical business practices  can creep into every type of  business  imaginable.We should also raise the bar and hold  businesses  to a higher standard of conduct. Some of the common unethical business practices done by many businesses all over the world for success are: Misleading Product Information Many companies promote injurious products with misleading information that can be harmful to consumers or the environment, purely for the sake of improving the bottom-line. Maker of Nutella, Ferrero USA, Inc. had to pay $3.05 million as settlement for a lawsuit filed in New York for pitching the chocolate spread as a nutritious breakfast for children. In 2015, the biggest German carmaker, Volkswagen, publicly accepted that it ha...