Code of Business Ethics
Code of ethics documents the generally accepted
principles of ethical conduct. They are statements of values and principles
which define the purpose of an organisation. It gives a clear picture of the
standards that employees should follow .It guides them in decision making.
The code of business ethics can include
To offer goods at fair prices.
To supply quality goods and not to deal
in spurious and sub standard products.
To listen to consumer’s complaints and
to reduce them.
Not to raise the price of its products
Not to resort to hoarding and black
Not to resort to price cutting with the
sole aim of killing competition.
Not to issue advertisement containing
false information or exaggerated claims.
To pay fair wages to its employees and
not to exploit them.
To provide congenial work atmosphere.
To design production process
in such a way as to reduce
To keep proper books of accounts and
To pay taxes regularly.
Not to overlook Government rules and
regulations even at the time of incurring losses.