Ethical Principles that A Business Should Follow
ETHICAL PRINCIPLES FOR A BUSINESS
① Do not deceive or cheat customers by selling substandard or defective products by under-measurement or by other means.
② Do not resort to hoarding, blackmarketing or profiteering.
③ Do not destroy or distort competition.
④ Ensure sincerity and accuracy in advertising, labelling and packaging.
⑤ Do not tarnish the image of competitors by unfair practices.
⑥ Make accurate business records available to all authorised persons.
⑦ Pay taxes and discharge other obligations promptly.
⑧ Do not form cartel agreements, even informal to control production, price etc. to the common detriment.
⑨ Refrain from secret kickbacks or payoffs to customers, suppliers, administrators, politicians etc.
⑩ Ensure payment of fair wages to and fair treatment of employees.