What are the core difference between ethical & Generic Buisness

Question

Accepted Answer

Ethical business focuses on moral principles and values, while generic business is more focused on profit and competition.

Ethical business prioritizes honesty, integrity, and fairness in all business practices.
Generic business is primarily concerned with maximizing profits and gaining a competitive advantage.
Ethical business considers the impact of its actions on various stakeholders, including employees, customers, and the community.
Generic business may prioritize short-term gains over long-term sustainability.
Ethical business may involve practices such as fair trade, corporate social responsibility, and sustainable sourcing.
Generic business may engage in aggressive marketing tactics, price manipulation, or unethical labor practices.
Ethical business aims to build trust and maintain a positive reputation.
Generic business may prioritize sales volume and market share without considering ethical implications.
Ethical business may involve transparent communication and accountability.
Generic business may prioritize secrecy and confidentiality to gain a competitive edge.

Accepted Answer

ethical buisness is more coastable & better goods quality with responsive but generic buisness a low cost business & present time generic medicene captured indian market

What are the core difference between ethical &amp; Generic Buisness

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What are the core difference between ethical & Generic Buisness