Quick Summary
Diagram
Important Table
| Point | Meaning | Example / Use |
|---|---|---|
| Fair Labour | Respect workers | No exploitation |
| Anti-corruption | Avoid bribery | Transparent dealings |
| Environmental Responsibility | Sustainable practices | Pollution control |
| Consumer Protection | Safe and honest products | Truthful advertising |
Best 10 Marks Answer
International Business Ethics is an important topic in International Business Environment. It helps managers understand how global economic, political, legal, cultural and technological forces affect business decisions.
International business ethics refers to moral principles and standards that guide business behaviour across countries and cultures.
In international business, this concept is useful because firms operate across countries where markets, laws, currencies, cultures and competition are different. A business must analyse these factors before entering a foreign market or expanding globally.
For example, a company planning to sell products in another country must study customer culture, exchange rate, trade barriers, legal rules, political stability and local competition.
Conclusion: Therefore, International Business Ethics helps businesses reduce risk, identify opportunities and make better global business decisions.
Tips and Tricks to Remember
- ✅ Mention bribery and labour standards.
- ✅ Ethical practices build global reputation.
- ✅ Connect with CSR and sustainability.
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